Do that, make some profit and then buy the 9 unit. 

And we add the cost of the W/D into the rent, so any units that make it a little more than 1.5 years are profit.

@Eduardo Sandoval Ramirez - Absolutely, you are just trading paper for a profit.

Quote from @Yemisi Dinkins: As a property owner, I would never sign a Master Lease because I would give up control of the property so someone else could profit from it.

But keep on thinking and evaluating, as there are niches out there where someone can develop a profitable business over time.Good luck  

Marketing and Advertising: A property manager has the resources and knowledge to effectively market and advertise rental properties, attracting prospective tenants and reducing vacancy periods.In summary, hiring a property manager can streamline operations, enhance profitability, and provide peace of mind for you, allowing you to enjoy your investments rather than being bogged down by day-to-day management tasks.A property manager will give you more time to expand your investment portfolio. 

That's fine, i mean the profit and losses I've seen are pretty legit breakdowns.

It's OK but super skinny and a lot of work doing a rehab loan for $23k profit if everything goes perfect.

Hi @Philip Jones,For the refinance aspect, the main factors will be the FICO Score, cash flow of the property, and as-is value.A Higher FICO will let you get a larger loan size and lower interest rate.Good Cash Flow will ensure that your property will be profitable for you and enable you to get the max loan size that your FICO allows for.The As-is Value will play an important role in making sure that you meet the minimum requirement for a DSCR loan of 100k, but also in making sure that the rehab work that has been done provided significant value add.

Generally, Distributions are paid from profits that have already been taxed at the personal-level since IRS Schedule K-1 flows through to personal return.