Spending $100.00 per month during the summer season is probably a good investment.I plan to use that time to fine more deals!

There have always been an assortment of economic problems affecting our country--it's a cyclical occurrence, like the seasons. 

The area also has the benefit of four mild seasons, with limited exposure to natural disasters, and property costs are low relative to many other markets, which makes for excellent cash flow opportunities.  

203k is going to have 90 day seasoning requirements.

Even so, it really was educational to see seasoned landlords go back and forth on issues of law, leases, privacy, tenants rights vs landlord rights, etc.

Later, when it's making a profit, come back during slow seasons and look at your list of potential upgrades.

Any seasoned investors in the area feedback would be greatly appreciatedthanx

This is my first purchase.  It's awesome and has been a ton of work and investment so far.  So here is the question... Should I refi in 4 months (or pull out the rest of the equity with a second) to pay off most or al...

Seasoning. 

True, you can achieve basically the same amount of interest reduction and save many years of time to debt elimination through both the "send in extra payments" strategy and by having a 1st lien HELOC but having the equity available (considered seasoned) at any given time to jump on a distressed property as well as combining many advance strategies such as offsetting HELOC interest onto 0% CC's, using 401k loans, bonuses, inheritances, letting property taxes, insurance payments, savings, your checking account cash sit in the HELOC to work down its balance until any payment is due is very beneficial.