I'd start with plans not a general contractor or HIC contractor.

Another option could be to submit a conditional offer that each of those items are fixed before closing by a licensed and insured professional (if that is important to you).

These could lead to issues with zoning, future appraisals, and insurance.

Sounds like a tax planning opportunity for you and your tax pro.

I plan to move back to India soon and was wondering if at all it would be possible to remotely manage my properties from India (12 hour time difference makes real time communication a lot harder).

This includes working with a knowledgeable agent familiar with your investment area, finding trustworthy local contractors for your projects, securing responsive insurance agents, partnering with investor-friendly title companies, and connecting with lenders offering suitable financing for your strategy.With your goals set and team in place, you should feel more confident in your approach.

Are you planning to create a business entity out of which you with either hold and/or manage this property?

The terms on the HELOC, if you can find one, will most likely be worse than a cash out refinance term sheet I am planning to cash-out refi as much as possible.

Its a 7k payment that includes mortgage, taxes, and insurance. 

We do allow a well-trained dog, preferably large, no puppies and no breeds not covered by our insurance (vet records showing breed, age, proof of current vaccination and any required pet license).