For BRRRR investors, seasoning requirements can significantly impact your ability to quickly recycle your capital.While most lenders require you to hold the loan for at least 6 months (aka "seasoning"),Fabulous 5BUY - short-term bridge financing to help you with investment property acquisition.REHAB - With up to 100% rehab financing, you can stay liquid through renovations.RENT - Tenant in place or future tenant.

Once you get more units you can offer to stay at one to wait for other property they desired to come available.

Has anyone purchased a property from New Western?

Based on your question I would also advise you to seriously consider using a property manager.

@Nam Pham  Assume likely an older property on a pier and beam foundation, as compared to a slab foundation?

Tons of hours of YouTube and reading forums online and hours of applied work on my own properties.

In 2020 I purchased a 1 bed & 1 bath condo and I have interest in pulling out the equity to use it to acquire another property to move into.

While the cash allocation is somewhat high, it serves as a reserve for our rental properties and future real estate investments, held in a high-yield savings account.

I, like you, have a handful of my own STR properties that I self manage, and manage just shy of 20 STR properties located in Bryan / College Station, Tx for out of state/country investors. 

You will get a more accurate idea of what your actual interest rate is without paying any discount points.