It's approx 6 hours ride up north.

Prorate bill based on previous months, look to charge other 3 tenants (the party>free ride is over). 

It's been a wild ride!

All the work has been done for you and one just gets to sit back and hopefully ride the cash flow.For us we prefer to have more equity on our ARV, pick the tenant and this is a biggie, we tend to get better rents because we know exactly what to fix and make rent-ready to get max rent value.Having said all the above we have taken on essentially a no rehab, tenant in situation.  

Every morning on my bike ride I chose a podcast and I listen to it TWICE.

If you convert your home prior and decide to rent or live else where in the interim, then decide to use FHA to qualify for a new primary you can use the rental income with out restrictions of the 100 mile rule and still qualify for FHA.Their (FHA) guidelines are rigid, but with proper planning you can adhere to the guidelines and accomplish your objectives while avoiding the unintended consequences of the rules.Best practice would probably be to wait a few months after moving till utilizing your FHA loan to obtain another property.FHA does have a max of 7 financed properties including the FHA insured property (6 rentals + 1 FHA primary) so it looks like you're riding up to your max with the current of 6 financed properties.

The hills east of Brevard looking back at the Blue Ridge for example are awesome (we drove and rode the entire area...did an 80-mile bike ride one day!)

This is my planBuy a house that needs rehab cash, fix it up, contact hard money lender, and refinance.I want to do this with a at least 15 properties and ride appreciation then sell it in about 2-3 years.The reason I want to do this is to pretty much cashflow a bit from each property and ride appreciation.Is there any investors that does this ? 

It'll be a wild ride, for sure! 

I spent the last 17 years working in the Internet industry, a roller coaster ride of feast and famine, only to land here.