I'm also not thrilled they just jacked prices again. 

A good PM will ensure you are at market rate and that your income and property are protected.If you prefer to risk your financial future by gambling on your own abilities, at least go to an attorney and get a state-specific lease agreement.

If you don't see it in person yourself, you're taking a bit of a gamble.

Its your house and your strategy so it depends on how you want to gamble, renew lease start over etc.  

I did an assignment last year, for the thrill of the game and it caused a tax issue for me, small but a pian, but anyway....The guy wanted out, he was just past a divorce and wanted to leave the area....motivation!

You will be moving forward with real experience.The idea of leveraging up as much as possible is just gambling, it assumes we have more control over the myriad variables at play than we really do. 

If I am gambling with a 100% finance, I would not pay a dime, however, I can give you what you need to progress, a track record, experience, and a chance to earn on the next one.

But it's a bit of a gamble I suppose.I think another angle is to refinance multiple rentals into a portfolio loan (asset based loan), which I believe can be done using your LLC. 

However, as Vanguard University, OCC and the Chargers coming to the area continue to grow and positively impact the neighborhood and people aren't thrilled with the Taylor Morrison projects, you have a commodity that not everyone else has: land. 

If it works for you they by all means,  gamble.