We've utilized the VA loan for our current home, and this strategy has worked well so far.

Maybe start with adding 1 more property instead of 3.

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

To determine the correct treatment, consider the RV's permanence, utility connections, and business use.This post does not create a CPA-Client relationship.

Might want to start that conversation with the lender if this looks like a possibility.

Quote from @Fernando Martin-Gullans: Hey y’all, I’m a retail investor with 2 SFH rentals worth a combined ~$650k looking to utilize some of my stored equity to buy more out-of-state properties, but I’m not quite sure how best to proceed given that my interest rates are incredibly low (leaning me away from refinancing) and neither property is owner-occupied (which I believe prevents me from using a HELOC).

Utilizing my relationship with a great local lender I started the process of getting a secured line of credit set up against the 3 unit so I could pull most of my money back out.

I’m relatively new to the world of real estate, having started my journey just 2 years ago.

I underestimated utilities in my early years, so I ensure those are properly captured (electricity, gas, water and trash).

@Anthony MillerYour property management experience is a major advantage as you start investing, giving you a head start with tenant screening, lease agreements, and maintenance coordination.