I look at it like 20k or so minimum then maybe 2500 to 5k a door up to a certain amount.better to be safe than sorry and its not like the money is spent its in your account and you could do very short term investmetns with it as well.. like short term lending. ( carefully)Most investors that run into trouble are simply undercapitalized have too much debt and when they have a bad day they can't get their units up and running and it becomes a cascading effect.

Don't get me wrong, they could be great people, but I am a very hands on landlord and don't want my property turning into any trouble.

It needs about 50K in rehab and I can provide addresses that we used to produce the ARV.

I'm having trouble understanding what to do about the second and third home...

I inherited a house and have the opportunity to move and sell or rent this house but I am having trouble deciding. 

i would first see what the hesitation is,  If you get it rehabbed  and producing you can do something move conventional.  

Hi, @Daniel Foster.As long as you're prudently borrowing against income-producing assets, I think a cash out refinance makes total sense!

Houses seem like a lot of trouble and risk for an extra 4k a year. 

I am the nicest guy in the world, will try to help tenants any way I can, but I don't tolerate three things: not paying on time, willfully damaging my property, or causing any kind of legal or situational trouble with the city/neighbors/law. 

@Yoram Aharony Curious if you got your administrative troubles sorted out with Cenlar?