We live in Austin, TX and are looking to expand however NWA has become quite overpriced and as such we are looking into the midwest and are particularly interested in Columbus OH, Milwaukee, Kansas areas.

When running numbers, especially on small multis more western markets with direct access to NYC tend to be more favorable from the numbers stand point and many of these towns offer 30 minutes or less taking commuting lines.

Instead, I'd just rely on a CMA (comparative market analysis) of renovated properties in the area from your realtor unless you have local MLS access yourself to run the report. 

I will certainly reach out when we feel brave enough to expand that far.  

Select accounting and bookkeeping firms have access to software like Quickbooks Online at a discount, and a few of them even pass those discounts along directly to the customer! 

If you didn't budget your rehab correctly, and don't have access to more money, you will be stuck (this is also true if you buy with cash without any excess money).  

If draws, what’s the process for accessing them?

Best bet is likely (not absolute - everyone's situation is different) is to look at a national lender or broker that has options in lots of states - its a great development versus 20 odd years ago, with technology, internet, places like this - can have access to many more options than before (local broker or lender thats it)

I agree with @John Warren I started in Chicago and expanded to Milwaukee cause the returns were better. 

To implement this strategy you need to have the full purchase price in readily accessible funds, so it won’t work for the majority of investors.