Resentment on the part of the tenant could result in an outcome of damages or difficulty when requiring them to do something (like allow you to access the property or show new tenants).

Hey Diana, sorry to hear about your difficulties. 

I obviously want to maximize my cash flow and return but I'm having difficulty finding a highly cash flow oriented property that is within my price range of 300000 to $400000.

What are the difficulties people face in out of state investing for starters.

Right now I'm just waiting on the profit/ loss reports, taxes and overhead from the seller.I know I need a manager, but with all the advancements in technology, I was hoping there would be a management service or app.

This is proving to be difficult. I

The main difficulty you'll have is not with refinancing but finding a deal that allows for you to pull most of your seed money out while still cash flowing after all expenses. 

I agree with Jacob, I've seen lots of people use this strategy in the DFW market because of the difficulties in the MFH market

I’m really intrigued on how that property type relies more on not only the investors ability to value add (e.g. renovations, repairs, additions, subdivisions, etc), but their ability to implement strategies to reduce costs (e.g. preventative maintenance, technology driven services, negotiating terms and rates with service providers, etc), which in return increases the NOI.

I talked to my property manager who has been in the business for 20 years and there was one property that he had difficulty effectively pricing.