Overall, my thought is that our current home is not an ideal rental - it's big, the pool requires constant maintenance, the yard requires regular attention/landscaping but I could be wrong. 

@Akinbowale AjiboyeMost lenders will not lend in second position, and the ones that do are usually going to require a much higher return than 2%-5%.

Some of those can have requirements for you to pay off their 'loan' if you move out.

@Roy CleevesWith power of sale they are required to get fair market value.

01) Property Info         01) Insurance (at top as most important)         02) Property taxes         03) Deed & Title         04) LLC Docs (if any)         05) Purchase-Sale Docs      02) Utilities      03) Maintenance      04) Leases         Lease Name Folder            Application Docs      05) Advertising      06) Rental Licensing (required in most of metro Detroit)      07) Inspections      08) Appliances & Mechanicals

I'm wondering though, if I market them as lease option/rent to own, will a PM show the property, handle paperwork including the option contract and then manage the property or does that require a real estate agent?

I have some property’s I’ve acquired through house hacking and traditional financing but want to try something that doesn’t require a saving for a downpayment for each purchase.

This is primarily due to high interest rates and a very wide bid-ask spread between what sellers want for their property (the ask) and what buyers can conceivably pay (the bid) while being able to meet their return requirements for their lenders and investors.

Every lender has different requirements.

Is there a seasoning period required before a heloc is given and how long does the application process typically take?