With that said, I saw one take almost 3 yrs from a well known builder.

So, you would want to have a plan ideally BEFORE you buy the property if pulling cash out is part of the long term plan. 

We have a lot of 2-bedroom oceanfront condos under $350k that perform well. 

But, it was well worth it and got the snowball going!

If you are not planning on living there too, you would only be able to offer a gift to that person and you would likely not qualify as an eligible gift donor unless you are closely blood related. 

At the loan company I plan on using, STRs have a higher interest rate because they are considered riskier.Just curious, with your STR properties is this the case?

Planning to rent the 4/1.5 side by the room and house hack by living in 1 of the 4 bedrooms then planning to also rent the larger 1/1 side.Planning 5% down as owner occupied financing. 

I have a long term tenant who I inherited when I purchased the property he has always called us whenever there was an issue (A/C not working, Broken window, toilet not working etc) Well last night around 8:30 pm we received a call from him that he called a plumber to remove roots from the sewer line and wants us to pay the bill. 

Average build time right now is 6-8 months.Your unit will be on Septic and Well.  

So I called her and said well I can't even find the addresses.