I still have enough room with my VA entitlement for a buy and hold in a couple of years, so I'd rather save it for later!

Not if you buy 10 at just the right time to hit their sales target.

How do you buy anything or stay somewhere?

Buying now means investing in a market that appreciates at a steady, reliable pace.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

Buy not many people can do this and it requires very good book keeping.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

Investment Info:Large multi-family (5+ units) buy & hold investment in Tuppers Plains.

And the locals in Highlands have been fiercely debating STR's and regulations for the last few years, so I wouldn't be comfortable buying there.

You are still exiting with a refinance and thus the terms wouldn't change on the exit whether you are buying in cash and then refinancing versus doing a construction loan and then refinancing.