Evap coolers don't really work during monsoon season because of the humidity and they are a nightmare to maintain.  

Once they have seasoned a bit things might change but ours is 6months old and banks don't really like using it as viable income.  

Logan McCray One thing think about is that the HOA dues come regardless of if you're in peak season or not.

@Jonathan Spaeth If you want conventional Fannie/Freddie 30 yr fixed financing then 6 month seasoning is a requirement.

I am a seasoned investor who currently has a decent portfolio of buy and holds consisting of multi families, single family and condos here in NJ....I manage these myself while working full time.

I didn't open and transfer into my Self-Directed IRA until I was a more seasoned investor.

If any one is interested and is seasoned in investing please let me know.  

Looking for a bank lender that will refinance w/ less than the typical 12 months seasoning requirement, using the new appraised value.

I'm out of my depth here, but I read other places that banks will only count a percentage of your performing rental properties toward your income and only after they have seasoned for some period of time, eg. you have a rental that has average NOI of $6,000 a year, the bank will only apply a percentage, say 75%, so $4,500, to your income.

With the lack of seasoning I would offer to buy the first 5 years of payments for a net yield of whatever you think is appropriate.