Cons - you have to wait a few months depending on the seasoning period to do the cash out refi.

If you use a DSCR rental loan it could be as low as 3-6 months of time seasoning required so it depends on what product you're using to accomplish the mission/goal.The time frame isnt a legal requirement, its a financing product specific requirement as a guideline to obtaining the money in which you seek.If you had other scenario related questions feel free to mention them below or via DM.

And I suspect the other larger players in CA had the same arrangements we did. 

Quote from @Roberto Benoza: Season's greetings everybody!

Setting MTR leases to end in May or early June gives you time to prep for the summer season.

I'm a seasoned finance profeesional with over 7 years working in Corp Dev & IR roles in Argentina.

The benefit of working with DSCR lenders is that those lenders generally have shorter seasoning periods to use for doing a cash out on the new appraised value- such as three or six months.

I am new to RE and would like to hear from seasoned members who have either been in this shoe or who are well versed with this situation. 

Quote from @Kevin Hilton: I am looking to acquire my 4th rental property, but I would like some advice from all of the seasoned investors in this forum. 

A triplex or quadplex could provide more units for rental income, but obviously will require more financing, so having your financials and pre-approval lined up early is key.Since you’re already looking to network, attending local real estate meetups is a great idea—you can also connect with seasoned investors or agents specializing in Long Island properties who can offer advice specific to the area.