This thread definitely gives me pause. 

But with only a dozen properties in only 2 states I’ve definitely not found a use for one yet.

The work colleague you mentioned was definitely incorrect.

We have data to look back to for direction on our path forward, do we not? 

That will help people advise paths to take.  

Trying to “focus” on multiple markets at once is kinda an oxymoron—by definition, you’re not really focusing.

I definitely see what you’re saying about the seller backing out being a violation of your good faith agreement, and what is the point of a contract if the seller can just change their mind… However in my experience most people do end up settling for monetary damages incurred rather than trying to force the sale.

It is definitely worth it to have if you can't be nearby. 

I definitely would like to have my own personal BRRR properties etc, but I want to learn the market and learn the game and yes replace my W2.

I imagine for people who have had accounts there for a little while would be approved quickly.Also on the cashout refi definitely hit up Community Bank.