Would it be advisable to sell the points, receive closing credits, and subsequently refinance when the rates drop?

Subsequently they defaulted after two payments and lied consistently through the process.  

However I was called this week and told they want to put a hold on any subsequent loans and utilization of our line-of-credit till we file 2014 taxes.

The VA funding fee or VAFF is 1.5% if you put down 5% or more and 1.25% VAFF if you put down 10% or more down payment but typically its 2.15% for first use or 3.30% for subsequent use with 0% down.VA also requires primary residence so if employment and all documentation points to TX and they dont have any relocation papers VA may not be used unless primary residency can be documented.10% down is min for conventional financing on a 2nd home. 

The PM also created a very high turnover with subsequent damages because of poor tenant screening.

On the other end of the development spectrum, I met with JK at Storybook Realty.They offer a hybrid turnkey business model whereby the investor purchases the property up front and they will manage the required upgrades and subsequent property management.

In your situation, it appears you will be owning your subsequent home so you would not be able to use this strategy again for the second purchase. 

You can read a little about it here:http://m.thelocal.it/20141204/american-dies-of-car...Daniel subsequently posted to our facebook group in an effort to raise awareness of the dangers of carbon monoxide. 

The surge in demand for building supplies and the subsequent price increases along with the associated dearth of availability for the skilled trades could lead to further deferral of needed maintenance.... and more.There are just too many variables to consider.

@Andrew Ware What @Brian Cardwell said is true but in addition, the reason for doing it this way in large chunks rather than just making an extra $700 or whatever payment each month is that it pushes you much farther ahead in your payment schedule so that each subsequent normal monthly payment is paying more towards the principal and less in interest. if you just make an extra payment here and there, it helps you pay it off sooner, but doesn't save you very much  in interest.I found the company that teaches this, there is a short video on their home page, the velocity banking section starts at about 19 minutes in. it may be worth watching to understand it a bit more.