Hi Randall-Congratulations on buying a rental property well back in 2020.I am sorry to hear the property is now cashflow negative $200 a month.Your question is should you sell or continue to keep it with the negative cashflow.Depends on your personal goals and if being negative $200 a month plus any unexpected repairs or vacancies is affordable to you, but if you can solve the negative cashflow by turning the property into a furnished mid-term rental, for example, your future self may thank you.To Your Success!

And personally, I stay away from OH because it's what herd think has long been and I worry how much of price is based on herd-actions or market metrics. 

Personally I would not go above 70% and when your done building mode drop down to roughly 50%.

If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common

It is what I personally do and I help clients do.

I don't know, that's a personal preference.

Are there local hard money lenders that will actually talk to you or is it pretty hard to get a real person on the phone?

He might be a good person to connect with. 

You likely will max out before 10 though as the average person with average income will have difficulty qualifying after a few loans because of things like the DTI (debt to income ratios).

There's some connection you have to this person with money who is looking to invest it short term and collect an x% return.