Refinancing question for potential brrrr, newbie here

[Mark Miller]

Long story short, I am a wholesaler, but something interesting came my way, and I want it, or I think I do.  I have never owned rental property, but I plan on hiring management since the property is out of town.  An older man wants to sell me 3 of his rental properties.  I looked at them already and they are rent ready, no issues, literally no repairs needed.  The properties are already rented, and have been occupied for 3-5 years each.  He bought them discounted, and only wants $100,000 for all three.  Current taxable value from the county puts all three combined at $210,000.  This is where my questions come up.

Currently, I am speaking with a private lender to give me 100% of all money +closing fees.  Should I have all three properties on separate contracts?  Would this make a difference when refinance comes.

Assuming I do refinance in 6-12 months.  Should I inform the private lender that that is my plan?  Do they need to know?

When I refinance, will I basically be getting the appraisal difference minus financing fees?  That is what it sounds like, but that seems too easy to get a property for such a discount.