I'm always impressed with people's creative ideas!!!  

Many people do. 

But some (Dave Ramsey) people would rather have just a few paid off properties making just a little cash flow.

They go to big multifamily conferences and recruit people that are aspiring real estate syndicators to join them. 

Loan officers with 25 years of experience typically are more experienced, and have less time per file, because they have an abundance of files.Loan officers with 25 months of experience typically are less experienced, but have more time to devote to you.I can't write my own loans, so when I'm getting a loan I prefer working with less busy people when I'm doing my own real estate investment, they're more responsive and dedicated it feels like.

Quote from @Jesse Yoder: What insurance works with people doing BRRRRs? 

@Danielle B when buying out of state you have to know the people you will be working with. 

If I pay it off, I could maximize cash flow earlier, reducing financial stress and allowing me to focus on other ventures or simply enjoy life more.On the other hand, I know some people advocate for keeping cheap debt and using the extra cash to invest elsewhere for potentially higher returns.Why I’m leaning toward paying it off:Security: No debt = peace of mind.Financial freedom earlier: A fully paid-off rental would give me a significant monthly cash flow?

Here are additional comments:1) Buying out of state removes any local knowledge you have from assisting in your success, including knowing areas, people and costs. - We always recommend buying your first rental locally if possible and DIY managing to learn as much as possible before investing OOS.2) Lots of crooks and incompetents in the PMC world:( They both cost you money.- As already stated, you'll have a small portfolio.

Without going into too many details about the property, I'm interested in connecting with people who deal with off market listings and investors in this geographic area.