Even if you didn't manage them, your management payments would be astronomical because it would be unlikely they are all in the same area.

I have a good GC who I trust who does work for my clients and myself.

@Brock Bernall As a rookie House hacking is the best for getting started has the lowest risk and best profit for a low down payment option.

If it would help to get a more detailed estimate feel free to reach out.Documentation is rather limited, just ID, bank statement, LLC documents to start.Sometimes there are interest-only options at 30 and 40 years, generally the difference in payment fully amortized over I/O is minimal so it may not be worth it.

They are trusting in the potential value of the "Hard" Asset.

With the cash out refi it would be the same you would just factor what you would cash flow with the new monthly payment. 

My 21k per year rent payment to the airport would now be 80k in taxes.

Continue Funding my Mid west BRRRR clients like the land if we get history I provide 100% of purchase and 100% of rehab and there is no monthly payments really helps these guys / gals scale..

Remember, buying a property is a financial decision that should align with your long-term goals and comfort.If the new lender offers a better rate and lower monthly payment, it’s reasonable to consider that option.

I've done deals like this where I've had the seller hold a small second, subordinated to the banks 1st position mortgage, with payments to the seller deferred until balloon payment which I make coterminous with the bank's mortgage.4.)