Now, this is not directed at you, personally, @Brian Garlington , but rather an add-on thought.This is why, even when I have a pro PM managing a unit, I STILL want to have a direct relationship with my tenants and they have my cell #. 

Unless the house is fairly new, you'll likely run into a ton of add-ons going your route.

My investor came to me with this idea, I have worked for him five times(all large project, office building, complete home remodel, add on 5 car garage with loft above etc.).

If this is something he's doing as an add-on for just you, he probably has no systems in place to make the job streamlined.  

Try to add on units.  

I would just add one point.

My agent offered this idea:"We may be able to workaround the no assignment rule with a nominee agreement where you would add on your consulting fee.

To add on Upen's insights, your cash out capabilities during delayed financing will be slightly different from a traditional cash out refinance.Traditionally, on a Conventional cash out loan you can go up to 80%.

If you want to perform value add on properties, you will show losses but being a real estate professional enables you to recoup a lot in taxes paid in.

I'll add one more thing on leases in general.