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. 

Even if your not a seasoned investor that's fine.

It is important to make sure you conduct your due diligence and hire an experienced and seasoned professional property manager.