My attorney and agent haven't experience this type of situation before, so I'm looking for others who have experienced a similar situation. 

Feel free to PM me @Eric Johnson.

Start with BiggerPockets Ultimate Beginners Guide (free).

Feel free to message me (or text for faster response) if you have any questions or need assistance. :)

Cold calling is already such a poor-performing strategy. the ONE thing good about cold calling is that you are talking to a HUMAN, building rapport, and asking and answering questions.Now that ONE good thing about it is taken away...Like David above me, no experience, and it would indeed be interesting to see how it does, but that doesn't take away from what I mentioned above.

The answers are individual specific; people can tell you what they'd do, but without a thorough knowledge and understanding YOU it won't have much relevance.Here's my suggestion - read books, search for biographical information, and become familiar with people who have accumulated a good size portfolio of real property, to see how their ambitions, experiences, knowledge, and personal attributes align with yours.  

.), and continue to educate myself on NOI, Cap rate, cash-on -cash return etc.BP community, I am open-minded, willing to take initiative, always willing to be taught something new, but also ready to share any experience or knowledge I have that can help someone else. 

Does anyone have experience doing this, and know how to go about it?

keep going after it. run lots of numbers and do a lot of underwriting. feel free to reach out at any time if you need help in your market. these properties that are 3 units are rented and then a cash out refinance that not only makes money but returns full capital to the investor on DSCR loans similar to the interest rate you mentioned above. 

BiggerPockets is a great place for that, so keep asking questions and refining your process.At the end of the day, estimating rehab costs is a skill that gets better with experience.