Get an auto closing fire rated door (which we have) with a peep hole separating the units.

If a title insurance company will not insure title, why should you do it, through the mechanism of a warranty deed?

I have good relationships with my vendors and was able to get it for only 82 cents/sf.The sweat I put in to the tasks that I was able to handle myself, allowed me to invest the saved capital into the mechanics and bones of the house (foundation, new roof, new plumbing, HVAC, etc.) and allowed me to get slightly nicer finishes than I would have put into any other investment property I wasn't intending on living in.The goal with this property was longevity, since I will be holding onto it in perpetuity. 

What I would do is meet with your accountant a couple times a  year and discuss a projection for tax time, then you can plan to have 2 separate accounts if you wanted for repairs and for profit and auto-transfer funds to both.

Using your assumptions, you've correctly outlined the mechanics of a cash-out refinance. 

People often include these (and right of first refusal) in real-estate transactions without really thinking about the exact mechanism.

USLI covers everything, primary, rentals, and auto.

Once your list is created you can select and create a multitude of mailers based on your budget and the mailing is done on auto-pilot. 

This is why a push-a-button mechanism enables new entrants to cross the chasm in to the mainstream market faster than their predecessors can hemorrhage.

I understand the mechanics of how to do it but want some guidance regarding execution.