You won't have the equity access right away but "when" rates go down, you could exercise your option to purchase it but in the meantime you can cashflow and have control of the property. 

Jul / Aug are high months for sure, but ski season months are almost as high.There's no urgent need for the cash, mostly a what-if exercise thinking about alternative ways it might be used. 

If it allows entry... usually with some pre-notification... send her a letter, certified and first class... tell her you are coming in at a specific date and time... hire a lock smith, bring the police and then exercise your rights as a landlord.If your lease don't contain an entry clause... make sure that the next one does.Best of luck!

Here are a few I would suggest as important: landlords can evict tenants for non-payment of rent or violation of lease terms - Ohio requires a three-day notice to vacate for non-payment of rent; landlords must return deposits within 30 days of tenancy termination; Ohio law protects tenants from retaliation if they've reported a violation to a government agency, joined a tenant union, or exercised a legal right.Reach out if you have any questions!

That's why your ability to raise and organize capital will be enhanced as your track record matures. 

This is where your bank refrains from exercising a legal right to enforce payment on debt.

Anyone that's been investing in RE for any length of time has been through the same exercise - it's an ongoing process for me and I've been doing this for years. 

Land inherently appreciates over time, yet actively enhancing its value requires strategy.

2 - if you do not have a robust lease, it may be worthwhile to sit down with a landlord-tenant attorney to review your current situation as well as review & enhance your lease agreement. 

Unfortunately Murphy’s law is real and owning physical property is an exercise in problem solving in my experience.