Using basic numbers, assuming I sell a property for $10M and after cost basis is accounted for and mortgage is paid off, I have a net taxable gain to me of $3M.I'd like to purchase a rental lake house property for $1M (funds coming from that $3M taxable gain). 

Petersburg offer robust rental markets with steady demand.

Is it a reasonable goal to be get to a $3000/month cash flow in five years with rental properties?

I have been investing for 20 plus years in long term rentals and want to purchase my first STR for greater cash flow and appreciation.

I have many years of managing rentals.

Hello, I have 6 rental properties under an LLC that is equally owned by me and my soon to be ex wife.

I am a dedicated real estate agent who works with investors seeking short-term rental properties.

So, if I am receiving regular rental income, payroll deposit, and such that can be sourced, it can be immediately used and does not require the 60 day period, correct?

If your rents are strong and the Loan Officer calculated your rental income well, you should not have an issue qualifying for a HELOC on a primary. 

right now just looking to purchase 1 property with it to make rental income and get paid off.