I’m out of town this week but happy to give you my insight when I return.  

This can be conventional or DSCRB) Conventional cashout refi - will need at least 6 months on title if no mortgage on the property (I think - going off of memory), 12 months seasoning if there is any kind of mortgage/lien/loan with the property; will be based on improved LTVC) DSCR cashout refi after six months of seasoning (most cases), and this will include any improved value of the property in the LTVMost cashout refi's will be limited to 80% LTV.

Neither path was completely hands-off, but the returns turned out higher than we initially expected (despite all the lumps and bumps along the way).As for Lakeland, I think @Andrew Haley's observations about mobile homes are spot on.

I purchased a property they managed and was unable to get absolutely no communication or return calls from the property managers.

I can’t attend local real estate gatherings and any investor I network with won’t share their contractor without getting anything in return. 

You get so much wealth and start getting older you enjoy the business but focus on quality of life more and memories. 

And every year the same families came up from Mexico to do the harvesting for us and then returned .

Pros: pay off mortgage sooner, one account for everything (all cash + deposits + expenses are paid from the HELOC)Cons: higher interest expense, higher opportunity cost (putting all your cash into the HELOC means you aren't investing it into other things that could yield higher returns)

And if construction doesn't start up soon and return to precovid growth, you're going to see a nice gap that helps drive occupancies even a little further up until it does. 

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.