If you’re okay with the lack of control, it could Be good for you.A benefit in addition to being passive is that you can invest in whatever markets you’d like.

Love to hear that your life is in your complete control now...not someone else's

Chris seems like a great person that is passionate about helping others take control of their money.

The only way the system does not work is if you take the refi money and don't het another property that cashflows.   

The tenant used an online maintenance request system to request a handful of maintenance issues for the first 6 to 8 months.

Most MLS systems will allow you to run a report and see what % of list price are deals actually selling for..

The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.

Tenant further acknowledges and agrees that they shall be liable for all damages to _______ system due to intentional or negligent acts by the tenant, it's invitees, guest,  agents or licensees" 

If so then the chance of them defaulting on your seller finance terms is high and you’ll still be affected by the same problems with the property that exist now, you’ll just have much less control over it so your risk “being the bank” on this property is going to be high. 

He's absolutely right that using debt to control cash flow is also creating tax free cash for expansion.