With current interest rates (at least in Canada and guessing the US is similar), you'd be further ahead investing that money elsewhere and continuing to let the tenant pay down the mortgage with their rent. 

•Use business credit or 0% interest credit cards strategically—just be careful with repayment timelines.Next StepsThe biggest thing you can do right now is surround yourself with experienced investors, agents, and lenders who have done what you’re trying to do.

I've called a couple title companies there and they are not familiar with the process and one said that the practice CANNOT be done in the state of IL.

Lesson 2: Condos with HOA should be investigated thoroughly.

Since you are in an expensive market, commissions will also be high so you should be able to cover all of your expenses with just 1 deal basically, maybe 2. 

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

More agents = more commission generally, but if you're new a good  experienced buyer's agent will be worth it. 

You can search my name with the words real estate and you should be able to find my channel.

Professor Brian Andrews would be an excellent connection for you if you can get in touch with him. 

It doesn't have to be one extreme or the other.