Regular tenants may have more of a support system when they have bad financial luck.

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs. 

HELOCs are not available because they are residential loans guaranteed by individuals and what you seek is a type of commercial loan or credit line which are available to seasoned companies with proven financial track record.

That's why I am a big fan of financially having a base and knowing what you are buying.

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

Maybe pay a financial advisor for an hour of his time first in case there is an alternative that you have not seen yet?

If a tenant (friend) needed to move, I wouldn’t want to be in a bad situation financially.

If multifamily properties in your area are priced well, it might be worth moving forward sooner rather than later.Risk Tolerance: Since you’re the sole provider, it’s crucial to ensure you have a solid emergency fund to cover unforeseen expenses, especially during vacancies or repairs.Long-Term Goals: Think about how this investment fits into your long-term financial goals.

When you can communicate both your strategy and criteria (and are financially credible), you can leverage your network and get meetings with brokers who are willing to shop for you.

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.