I'm attempting to add other income streams to supplement due to this new state of the economy in the meantime.

However- given the nature of this question, I am going to assume you have no experience as a landlord at all.

I don't really ask them as a question --- I just naturally try to bring it up during a conversation to see what he or she has to say.       1.

If you start keeping your own counsel, it becomes more natural over time.

@Jay Hinrichs - Yes, I am talking about lots with gradient big enough to make a basement with the natural slope.

A supplement to that claim won't matter as much. 

Due to the bank financing and overall nature of the deal, I'm thinking this is more of a HELOC property than cash-out refinance.I'm getting caught up in calculating my usable equity after the rehab is complete and my property value increases.

I have an old buddy that sells for a developer out there and I’ve been in contact with him as of late, so naturally he is optimistic about the area but I want to make sure I'm doing the proper research.

Im sure given the nature of COVID right now, its hard to get random people to live with each other - thus not a lot of room rentals in the area

The market will naturally slow down as we head into low season (winter months).