@Amee Gardner I’ve learned through several bad experiences not to pay good money for courses or gurus.

Learn smart funding plans like lease options, seller-backed loans, subject-to deals, and wraparound mortgages.Build your credit and financial profile by paying down debts, maintaining a good payment history, and demonstrating your investment knowledge.

Make sure you have good comps on similar properties because you'll be paying for appraisals, etc.  

You also have to factor In your closing costs each time you refinance, and if the goal is to pay down your loan aggressively, you will be hitting reset each time you refinance. 

Does she pay her rent on time, if so I would just give her some time and see if it's just a rough patch. 

My advice is to speak to a few local HMLs and ask them for their rehab estimate spreadsheet, which most should be happy to provide.FWIW, based on my assumptions above, you can’t pay more than around $480k for this property.

Each guest pays $29-49 depending on property size and that provides up to $1,000-2000 in damage protection in lieu of security deposit to satisfy the owner and avoid deposits. 

If a major repair is needed in the community and they can't fund it, they can call on the owners to pay for it. 

The str will close before the land sells and then I would like to recast the loan to pay off a portion with the land proceeds.  

Issue with the line that you will run into is you will be paying for unused credit fees.