Depends on your, market, goals, and your strategy.

Hi Michelle, what are your investing goals?

Once we figured that out, we then found the best platform given our goals, to build our business on top of. 

If you can visit, that's great, even if it's just to get a general lay-of-the land.Understand what your goals are and what property classes you're targeting (A/B/C neighborhoods).

What is your ideal long term goal with real estate investing?

Our goal is to provide you with a cash-flowing, hands-off investment experience, so you can enjoy the benefits of your investment without the hassle of day-to-day management.I’d be happy to offer advice and answer any questions you might have. 

Similar with a SFH: I can at least get in the market with a 5% conventional loan not expecting cash flow but hoping appreciation will help me out in the next 2+ years and I will at least be able to put up the remainder of the expenses since I do live with my parents.I am young so I could be overthinking, but my end goal is to have a portfolio where I can cash flow enough within the next 5-15 years to let go of my job (5k clean a month).

My goal is to start moving to smartlocks to prevent the constant switch outs. 

My goal is to have them be more of a "BDR" and hand it off to me to close.

Cash-out refinancing can be a great way to leverage equity, but there are other strategies you might want to consider to hit your goals faster.1.1031 Exchange: Rather than just refinancing, you could trade up to larger or better-cash-flowing properties tax-free through a 1031 exchange.