Almost every landlord I know makes their screening criteria more strict as they gain experience. 

If you need to access some of the equity, a conventional cash-out refinance will have the best terms. 

First step is to check with the city or county to find out what the zoning is and the allowable uses are and what is required for development in terms of lot coverage, setbacks, height restrictions, utilities, access easement, parking,  etc.

So you're just going to get a license to gain the knowledge?

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Access to Capital: Fix and flip projects require significant upfront capital - not just for the property purchase, but also for renovation costs.

I would like to avoid providing keys to the tenants and just have them setup and control the codes for access.

This all came from a computer, printer and Internet access that was my startup cost never thought about it that way before, but yeah, thanks for sharing.

They can provide you with insights and access to deals that might not be widely advertised.

If I was doing $5M a year or more then I would potential be looking at it differently.I want to note I have had people who prefer private lending over traditional because they do not want to go through the hassle of traditional and are ok paying more for ease of access/dealing with a lender.