Finally, of the extra $200k, how much are you putting into operating reserves? 

Naturally after listening to this I was pretty skeptical but came to the conclusion that it makes since. 

These are natural food for Tilapia. 

@Gregg Cohen  sounds like the turn overs are well within your 10% maintenance reserves that every landlord sets aside for turn over costs.. 

Just a nature of the game. 

Keep the property, keep more reserves than you think.

And then Character and capacity and experince you need them all and that will get you the best rates.. currently I am at 1/2 point No other fee's other than title and escrow and the bank even paid for my MAI appraisal as I had them do 6 floor plans at once so we dont need to have new ones done when i pull each loan.. rate is 7% with an interest reserve If I want one..

If for some reason I need to return security deposit at a different time I'll either take the 3mo interest from their security deposit, or I'll do a trade from my reserves. 

House hacking a 4 plex is a good plan, and you may even consider getting normal financing with 20% down - just have a little more patience to save more to have adequate reserves.

just to be candid, unless you're using some kind of creative strategy... you need a really solid amount of cash including reserves.