I just helped one of my clients do nearly the same type of deal (his was with 40 SFRs) where he refinanced with a local bank and cashed out 7 figures.

What type of properties are you looking to acquire, SF, 2-4 MF, or 5+ MF?

What made you interested in investing in this type of deal?

The goal is to move into another property by spring 2025 to do another live in flip and keep this property for a few years at least.What made you interested in investing in this type of deal?

Problem is there are to many investment types.  

Which is also one of the 3 fundamental needs of a business most often (customers, product/service, place of operation). 

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

Quote from @Zach Howard: Quote from @V.G Jason: Quote from @Zach Howard: @V.G JasonTo someone just starting out (only option of OOS) who can get access to 200k, but no additional financing at this time but an additional 50-100k max in reserve cash, where might you recommend they start - markets/property type/strategy?

Here is a great resource. https://www.areavibes.com/They give you a total livability score and you can type any address in 

That way, there is some type of cushion to help against any high usage months, should they just happen to use more than your previous tenants did, or if you unfortunately get tenants who abuse the "utilities included" opportunity.