Then he could give every home away for free, just collect lot rent and still have a net income of around $300,000 with a fraction of the work and risk.The whole goal of an income property is to maximize the income.

Any recommendations, input or suggestions to maximize cash out and minimize fees?

If you play around with the numbers you can try to maximize cash out and keep it cash flow neutral, assuming rents don't go much below where they are now.Your tenants would be paying down the mortgage and you would potentially be making money on that equity.Of course you want to be responsible and have ample reserves.

Focus on the 80/20 principle and maximizing your return on equity.

Removing that room would allow me to frame out a true master bedroom and even add space for a stackable washer and dryer insert. it would even give the home a bigger living room. unfortunately, the property is sitting on a crawl space foundation so I was thinking and hopefully, my mindset isn't too far fetched of maximizing the functionality of the space I have to work with.You're completely right I have come a long way to get cold feet. 

Hey guys, so having access to MLS has given me even more access to certain software programs that can help identify absentee owners (in & out of state). I’m generating a list to market to and would like some insig...

@Su Lee on the topic of a solo 401k, not everyone qualifies to have one and maximize it to gain the maximum contribution.

I know a HELOC was mentioned or taking from retirement accounts but I wouldn't because a HELOC requires equity (i.e. larger down payment) and/or appreciation and it sounds like you won't have much of either to maximize growth and your cash on cash return in your cash flow market.

I talked to my girlfriend and we are heavily leaning towards a multi family to reduce costs and maximize delayed gratification.

Second, I hope to delegate as much as possible, for maximizing the passiveness of my income structures.