Besides the places you mentioned Facebook, Zillow, VRBO, and Craigslist are other places that can be successful for MTR leads.

whats the issue if you are the one underwriting the loan and it goes bad it should be quite rare to now want to charge your investors for something they did not do I suspect is going to be stepping over dollars to collect pennies.. taking care of your clients long term is part of doing bizz like Chris mentioned.. 

Speak with a CPA specific to real estate to get assistance.As others have mentioned, cost varies depending on location. 

But as was mentioned above, you need expertise and experience.For the first 2-3 years of activity investing in real estate, I had to use my own money sources for down payments.

That's an $80k difference/loss.Notice I didn't mention the paydown, that's because I don't count it in the new equity. 

G'Day Alejandro,As a few have already mentioned, take a peak at Toledo also.In my opinion lower potential for long term appreciation but solid/"boring" cashflow.I prefer my portfolio to be "boring" but cashflowing lolLow entry points (Sub $100,000), high rents (Above the 1% rule).Blue collar working class decent folks that will stay and pay.Depending on the area but no derelict homes, yards well kept, cars with wheels and all tenants are employed.Plus, all are sophisticated enough to pay rent online so property management doesn't have to collect rents with bullet proof vests and shot guns lolI'm bias toward Toledo but it's worth considering.Wishing you much success

I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?

Also: I must have mentioned the request several times so it was clear.   

Just wanted to mention that the cash out refinance funds are not tax free forever.

Thank you so much in advance for your help.If you have a property manager and live 100s of miles away, it’s unlikely that you meet the material participation requirements to qualify for tax benefits you mentioned. ...