The money you receive from refinancing isn’t taxed as income, since it’s considered a loan, making it a very tax-efficient strategy.

You should verify this with official HUD documentation or through a HUD-approved lender.Term Until 2051:The mention of the loan term extending to 2051 or until the property is sold or refinanced suggests these could be loans with a long-term structure or special conditions.

Using a HELOC is great for buying rehabs cash and then refinancing, but when buying something turnkey I would go the conventional route. 

If anyone has referrals or knows of reliable channels (like Google or specific websites) for finding licensed contractors in the High Point/Jamestown/Greensboro area, I would really appreciate your input.Also, any helpful tips and experiences related to construction, dealing with appraisals, titles, and refinancing would be incredibly valuable.

I kept that mindset too long into the higher rate environment and have recently shifted my perspective especially on refinances and here is why:1) To frame this, it is important to first consider the total cost of refinancing. 

My wife and I refinanced our primary residence mortgage

Finding the right property, coordinating with reliable contractors, securing quality tenants, and refinancing effectively are all key steps.

.- a cash offer could be extended to obtain a discount at purchase that could be refinanced after purchase- a high cash flow low appreciating market with historical appreciation below the appreciation rate can benefit from the increased cash flow of 0% LTV versus the little benefit (in this case) of the increased return that could result from leverage.The reality is that many cash purchases are not unleveraged for long.  

People laughed at you if you mentioned creative financing during the run up, but now, we are seeing more master lease and seller carry backs.We've been using community banks, stabilizing then refinancing to agency.

This is a dumbed down math, but if you PITI is $126 higher but you're getting $16,626 more, it would take a long time until you break even and you'd probably be refinanced by then.