Get a nice stream of cash flow coming in to at least offset the price of the HELOC.

@Andrew SyriosI am hoping to do a video series on this house so I will keep you posted. 

I would direct you to the over 80 videos I have put out for free on SellMoreHomesNow on YouTube.  

Watch some of the how to videos there and that will help you get started.

I now have a new mission to accomplish with getting myself something similar with the video introduction.

Press releases, videos, articles, web 2.0 sites, link pyramids, rss feeds, wiki posts, social bookmarking, social networking, profile submissions, etc. 

I recommend learning how to do a cash on cash analysis and you will see the benefit to leveraging.Really depends on the goals with your investing, but buy and hold is always going to be the best option, it is a continual income stream, you do not have to hussle all of time, and you can cash out down the line if you want once the property has appreciated nicely.

Because you have an unending stream of tenant prospects and the Base Housing Office assists you with a lot of the issues that come up for most landlords.  

I'm taking my camera to take photos/videos of the property so I can market it.

Once this is done, you will limit the amount of repairs and of course you will not be the "free handyman" as you are getting paid through the many income streams we mentioned previously.