I am an investor myself and purchased my rentals here, all hitting the 1% rule.

You have many options, so it is important to connect with a knowledgeable lender to give you sound information on your options.You don't necessarily need to sell the property after one year.

Are there any restrictions on re-selling it also as a subject to to a new purchaser? 

@Ricardo Serrano this copy & paste info may help...Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I inquired with a lender on information on a HELOC.

Purchased for 72k.

Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.

I am looking forward to connect and purchase a investment property.

Then, once I have that information/proposal/etc. prepared, how should I approach investors?

We purchased a house back in 2017 for 140k that is now worth approximately 265k.