Pursuing a SFR in the fashion I mentioned above would be more amicable, but this depends on your ability to enter.   

Also, I personally wouldnt cash out refi right now just because the interest rates are high but thats just my opinion and it really just depends on the numbers if you want to make a calculated decision. 

My bookkeeping practice pays me active income, so my priority is equity.For debt loans, you will see 10-15% annualized, depending on your experience as an operator.

It depends on how long you plan on holding the property for.

Depends on the lender.If it has yet to go to foreclosure and you are trying to buy it prior or at sale - the answer is a hard no. 

Our Teak is for the overseas market so not dependent on the Belizean economy. 

Meaning the folks sitting at sub 25%, probably 20% DTI with cash still on hand to buy properties but choose to leverage.

A phase 2 may be required depending on the outcome of the phase 1.  

It will all depend what you feel comfortable in terms of budgeting and the type of repairs needed.

If the title company requires that you become the Manager of the spoke LLC, you would have to amend the Operating Agreement, and, possibly, you will have to amend the Manager of the LLC with the Secretary of State (depending on the State).