Is it a good or bad idea to re-fi that quickly?  

Quote from @Kelvin F.: I used Steven Adair MacDonald for other stuff but not specifically for ellis act.

@Colleen F. I

If you're using the HELOC for just the down payment portion on the investment property, then you'll likely need to fund the rest with private money or a HML and then re-fi out to conventional once you've renovated and rented.

It's pretty unlikely that you'll hit FI in 5 years unless you have paid off properties.

The assumption is that I would re-fi to a conventional loan when (if) rates drop in the next 5 years. 

Btw here is an agreement which may help https://www.dropbox.com/scl/fi/3g1nojoh8tfs9ccorcouu/Generic...

Is it 'NO WI-FI AT THE CABIN" with space?  

@Becca F., I don't think licensing is warranted because they aren't representing you or selling you actual investments.

Roof, HVAC and foundation all have no issues.My plan with a property like this would be to get positive equity asap and re-fi.