Thank you Hi Eliane, I am in Baltimore and been an active investor since 2004, doing close to 20 BRRRR a year,and I am an agent, let me know if you have any questions.

A lot of it might feel like wasted time, but it's just practice until you find a deal that works and you close. 

Build - Rent - Refinance - Repeat the new BRRR with also hotel development and growing our land entitlement side. hotel development is simple, easy, and has institutional level backing. we really like extended stay development and just came from a hotel conference in Los Angeles. hope to close a few deals this year over 10 million 

You would need to close with the loan in your name, then quitclaim it into your LLC. 

Curious why you want to focus on multi-state and not close to home?

And make sure you live in that 1st house so you're close to and can address problems as soon as they appear. 

With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

You get money at closing and then you refinance when rates go down.Anyone done this before?

The company I found to open, maintain, and close our small dipping pool ended up costing $2,215.00 for the season. 

Refinancing has more nuances than it seems, and so do closing costs.