But 1k a month in utilities definitely seems high.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

I haven’t loaned any money out and not sure if I will, but definitely believe it is a great way to make money.  

There is a meetup in the South Bay that happens each month so maybe that's sort of like a REIA, but it's definitely not a place to learn how to flip or be coached. 

We currently have 23 single-family homes in the KC metro (120 bedrooms) utilizing this model and while its never boring - I really enjoy it and it's definitely a favorite way to invest in real estate to date.Have a few tips and tricks we've learned - send me a message if you have any questions.

Equity and cash flow are equally important when deciding whether to pull money out.If you can put the equity to work by adding another property while still having a nice cushion on your cash flow, then I would say definitely yes.  

Definitely curious about your approach to this   Of course!

I will definitely be reaching out to you for more info. 

In this market, I would definitely list with an agent and not do FSBO. 

It's the one-year required management agreement at 10% that can get you (although you can re-up the following year at a discount if you pay the entire year at once).What you definitely need to avoid is leasing through them, should your property become vacant.