The seasonal variation makes it hard to use this as an indicator.

This is the least discussed, likely most important tax topic of the season for BP investors.  

From what I've read, the seasoning period to refinance is usually 6 months to one year.  

Purchase the note, set up w a servicer, make sure your asset is insured/protected and then let the note 'season' w the servicer for 90+ days to document a history that monthly statements and CFPB compliant late notices were sent and any correspondence is documented.   

You may have to season your property prior to the cash out.

(Unless I can find a better way)Any seasoned advice would be great and thank you for your time

One every year and a half including rehab, marketing it for rent, and seasoning it?  

You may be subject to seasoning on title meaning you'll have to wait 6 months after you've been on title before you can cash out.Stephanie

So, that's where a seasoned manager/investor comes in.  

When you say "eligible" it makes me think you are talking about seasoning a property in order to refi out with a traditional loan.