Can someone please advise me on the pro's and con's and keeping the lot as a single lot with all 14 duplexes on it or subdividing each lot to have 14 individual lots? 

I'm hoping taxes/insurance aren't part of the loan so that I can put some credit cards to work and leverage rewards etc.Also, I've seen 1st lien Home Equity Loans, but not 1st lien HELOCs; hoping that product exists, at least via credit unions etc. 

Hi Anne,It all depends on your own goals, if you really believe in the area, have done the work and have come to a conclusion that your money is used best in an asset here, then do it.Theres no reward without any risk.

My spouse and I prefer not having to split things up and retitle ownership under separate individual trusts.

Is there a faster method then sending applications to individual tenants in response to their request to see the property?

Individual homebuyers cannot compete with institutional money. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as a U.S. 

I will say that the borrower has a better chance to negotiate on the fees, interest and when they are to be paid with a private individual lender as opposed to a hard money style lender (that has more overhead).

We have discussed selling the individual cabins and managing the rentals.

For potential partners, focus on individuals with cash looking for returns, inflows, and tax benefits.