Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Since it’s been a little while, I’m curious how things played out for you.Just wanted to mention, for a cash-out refinance using a DSCR loan, the max leverage is typically around 75% LTV.

I'm currently looking at using a company and they charge $2000 month for managing the campaign plus a ad spend for 4 properties.

Based on what you’re looking for—keeping business and personal finances separate—using a DSCR (Debt Service Coverage Ratio) loan might be a great fit for your situation.Here’s why DSCR loans could benefit you:LLC-Friendly: DSCR lenders typically allow the loan to be taken in the name of an LLC, so you can easily transfer the title to your LLC and keep the property separate from your personal finances.

You mention using a NNN commercial lease instead of a residential lease.

We currently have 105 units and are using a variety of excel, google docs/sheets/calendars, apartments.com (ads and rent collection), docusign and QuickBooks online (which we would like to keep). 

Based on your question I would also advise you to seriously consider using a property manager.

I’m looking at private lending to flippers with a line of credit or using a line of credit to put a down payment on a new cash flowing property (which is extremely hard for me to find right now) but with a line of credit as a down payment I would be financing a new property at 100% at unfavorable rates.

Did you buy using a 1031?  

You’re shoveling snow with a shovel; they are using a snow plow.