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.

Or at least just getting all of your thoughts and numbers on paper (or in a spreadsheet) and mapped out over the time period you're talking about, I think would be a very helpful exercise for you.

The more you pay upfront the lower the rate, but you have to make sure to do the math on what you payback period will be.

Then, you can calculate how much cash this property(ies) is going to eat over the period you plan to hold it and see if what you can sell it for (less commissions, taxes, etc) will produce a profit.

This property is in the Extended Use Period though mid-2026.  

If you’re running a MTR more like a STR, then you can decide to charge the full boat as agreed or, if you desire (possibly to obtain a good review) find a substitute renter for the period in question and credit the original renter.If, like me you operate a MTR more like a LTR just for a shorter period of time, you probably use a specific rental form provided by either the state real estate commission of the local NAR affiliate.  

Quote from @Scott Trench: Does the math change on using a HELOC if you use the HELOC for a short term period, until completing a cash out refinance on one of the LTR's that I own?

Just making extra monthly/periodic principal payments is good enough for me :)Of course, you need to be a "saver," not a "spender." 

With our DSCR loan, there’s no seasoning period, so you can refinance as soon as the property's ready!

@Jerry ZhangYou can also put a lien on one of your assets for a short period of time.