I need to get the collective computing power of BP together and make a ruling here: A tenant has moved in and is under a year contract.

The LLC already owns the land and has for multiple years.

They’ve proved to be very picky/not ideal and we’d rather move on.In addition, we felt remorse when we signed with them thinking that we should have sold it instead of renting it another year.

I have yet to see in my years a first lien HELOC.

Looking at the data you provided for Melbourne, FL:- Average rent is around $2,000-$2,100- Rents have actually decreased slightly year-over-year- There's a wide range of rental prices ($650 to $6,500)This suggests a diverse market with potential opportunities, but also some volatility.

I have targeted absentee owners with high equity, homes owned longer that 4 years and etc. 

Their current house that they live in is fully paid off and has been for many years and is worth around $350,000.

Putting down 25% instead of 20% won’t affect your until you can’t buy that 5th property and that might a couple years from now.

Traditional financing - 15 year note at 4.5% How did you add value to the deal?

Location, Location, Location is really the best start to ensuring your jam packed throughout the year and not just seasonal.