Cash Out Refi- What questions to ask

[Matt B.]

After listening to the @Brandon Turner webinar about buying your first investment in 90 days I'm inspired to take action but need advice.

I have bought and sold mhy personal residences in the past but want to purchase my first investment property/vacation rental using the equity from my current home.  

- If I were to do a cash-out refi in NY to buy an out of state property what questions do i need to ask? 

- Are there alternative funding options that are better?  

- The area I am looking in allows for summer beach vacation rentals as well as academic year rentals for the nearby college, is anyone currently doing something this and if so, how early are you marketing the property? How difficult is it to keep it occupied?

- What else should be aware of before starting this?

Any help is greatly appreciated