If you do get a local CPA, be sure that they can support you even if the're note local to you in the future.

Currently undiscovered, future hot spots?

Since then, I think its gotten worse than they expected and I just see this issue coming up in the future.  

So I currently am holding a single rental property and am planning on financing 2-3 more in the near future.

This is exactly what I want to do in the future.

You'll learn a lot and be able to apply it to future structures.

On the refinancing side, yes, you can pull out cash, but keep in mind it will impact your exchanges in the future.  

Now upon closing the contract on the home, we (me, wife, lawyer) set some things straight to I didn't get screwed without lube. 1) The seller had to pay us upon closing $6,000 to us, for future missed rent, and some other things. 2) Also, $35,000 of the sellers money went into escrow, just in case for some reason we only end up getting a C of O for a single family.8 months later, still no C of O, and I missed out on thousands in rent.

Michael, have you thought about putting some real estate courses in your future?

That would most likely raise the rents in the future and home prices.