Thanks Tim - yup you are correct.

@Nik Farooqui You are correct in that GC licensing is never a requirement but it is more of a "silent factor" that can make a lender more comfortable lending hard money and thus the approval and loan process easier.

But I feel I see some people grow rather rapidly. wasn't sure if they were using some sort of other method to get ahead. 

Quote from @Renee Pohle: Please talk to an attorney and create a strong partnership agreement that includes a method for parting ways.

Is your $2k per month on $600k equity correct?  

I LOVE the house hacking method and I think it is one of the best ways to get started in real estate investing.

The Payment is not an issue but I’ve just never done owner financing and someone suggested this method as a way to acquire section 8 homes in low crime areas.  

They do offer linked accounts, so maybe I'll go with a 3rd party bank that I can trust.I appreciate this concern, as we’re also looking to move to a bank that allows for multiple account to use David Richter’s Profit First method.

Nonetheless, I agree... with your mortgage rate being so low, it seems like it makes sense to access the equity via other methods beyond refinancing. 

The reason I used that method was to be able to put the property in my name or corporation or partners.