By my own estimations I have added 30-40k of equity to the property (and some of that was naturally occurring with our current real estate market being inflated).

Investment properties would need to be Conventional or some other non-QM loan product. 

The plan would be to pay back the HELOC using rental income (or just our income if we don't have renters) for about 6 months to season the loan and hopefully build a tiny bit of equity (both through hopefully natural appreciation and forced appreciation in the form of renovations).

The water is not crystal blue like the Caribbean or parts of Florida, but that is the nature of the current flows, but there are some distinctions in the areas along the coast that I can tell you about.

Every since investing in Marina Point in 2020, I have grow to appreciate the true passive nature of syndication investments.

My plan was to refinance into a 30-year fixed rate product that repaid both existing loans and also take cash out of the property if possible to help fund my next RE investment.I have been going back and forth on whether to lock-in a 30-year mortgage (loans available up to a 75% LTV) or refinance into an ARM that would allow me to take additional money out of the property (loans available up to 80% LTV). 

Everyone has natural strengths and weaknesses.

I originally worked with Jeff Chisum (tenpercentdown.com) but his team has now moved to Northpointe and they have lots of products too.

I work heavily with investors and honestly, 70% never buy and do waste our time, however that is the nature of being an agent..doing what others won't because most of the 18,000+ licensed agents (just in Central FL.) are looking for the low hanging fruit and right now, there is plenty of that. 

During your due diligence period you should be able to request that the seller provide a trailing 12 month breakdown of the expensesAlso, 30yr fixed is a great product as many mentioned... my thought is, take the lower payment, then if you want to pay it off faster you have the option.