Just not sure if I should just get the 50k to pay off my loans or get more cash out of the property for reserve fundsDorian,  depends what kind of loan product you are talking about.

HOWEVER, very important to understand is that these 3 month seasoning products are VERY expensive.

The fact that our current rate is only 3% doesn't help the refi situation, as we probably would not be able to afford (or would at least struggle to afford) the payment on the new mortgage with the higher rate and principal.I think the best way to max cash flow would be with a small multifamily that needs moderate rehab.

I never used the other products you're speaking of, its just sad how these so called gurus take advantage of people.

If I can afford the financial loss of it not being rented those months (2K mortgage) then maybe it's at least worth trying?

She had to foreclose on it because she couldn't afford to pay the liens.If you are really interested, go to some auctions to watch what others do, ask questions, and learn.

This affords us excellent cash flow and lower maintenance on a 3-5 year commercial lease.

I mean, Texas is still a great state because of the amount of jobs, the pay that comes with those jobs, and the cost of housing here as opposed to other places around the country.However, that key word "affordable" actually has a definition to it - and that's 30% of the income shouldn't go towards housing. 

I ultimately decided to look out of state where the price points were more affordable and the numbers made sense + landlord laws are more friendly. 

Get the biggest house you can afford and rent the other rooms out to military with BAH.1.