This is what I do currently but it's a process of purchase, rehab, wait 4-6 months, refi, then wrap and sell (and risk DOS clauses).

It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

An LLC is not free.

For an absentee landlord, it would seem that a condo could have less maintenance headaches than a SFH and lower risk in general. 

While I could have gone lower I am lowering my risk tolerance because I expect a recession in late 2019 to 2020.

Taylor sent multiple email inquiries to our insurance provider asking what risks their policy covered.

Feel free to reach out.

If you own (2) properties free and clear you could simply do a cash out refinance. 

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors. 

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.