Every agent should have this option available to sellers. 

Anybody have experience as an LP with Penn Capital?

Long term I'd like to have more in the Poconos due to my familiarity to the area as I grew up there.

I have already spoken to various lenders, but the minimum loan offered ($100k+) and especially the LTV required make their offers unattainable at present.

Do I have to honor the lease currently in place?

If you don't have the cash for a 5% down payment then doing a HELOC might make you over leveraged, but everyone's situation is unique, having access to it might help you to have access to more capital if you needed it in a pinch.

Some concerns I have been thinking about:1.

Best to have a GC do a walkthrough :)

You don't even have to drill holes in the walls to mount stuff.

Having a team in place is essential to long-distance investing.