I recommend you spend some time picking and getting to really know your market.

Recently completed a cash-out refi and want to take that money and buy 2 additional properties (~$200k or less each). 

Additionally, your loan purchaser would supply the necessary documentation.

Is this an amenity worth spending $$ on?

Additionally, creative revenue streams like adding storage or premium amenities can boost NOI.

Do that before you spend any energy trying to kick him out.If he hasn't paid rent, you can call the police and have him escorted from the property. 

Even if you had to exceed that, as single you could convert an additional $485,050 above the $63,350 (or $503,350 if married) and you’d only be taxed at the 15% LTCG tax rate (not counting any state if applicable).Each year I’d get my taxable income as low as possible to give myself as much ‘room’ as possible in the 0% tax bracket and convert the max amount possible.

In terms of the down payment, that 75,000 includes all of the additional fees and associated costs and such as well.

It would be best to schedule a call so that these items could be discussed in more detail and provide answers to any additional questions you might have. 

Just DM me if you want any additional data.