I'm still hoping they will just leave (I told them in the notice they can leave in 30 days if they don't want to comply and I won't file an eviction).

This is the tenant leaving right?

(I want to Buy/Rehab/Appraise/Rent - ~6 months out refinance my original money in out of it and leave 20% (Equity) in collecting "Some cash flow" and repeat the process.3.

The situation changed when this previous tenant wanted to leave early and my sales was going down.

I'm thinking that this is a useful asset protection measure to leave the property encumbered.Is this reasonable tactic ? 

I did leave my W2 job to pursue real estate full-time; however, I transitioned to being a 1099 contractor and pursuing ventures that I truly enjoy doing, so maybe a hybrid model?

So it leaves me to think about forcing appreciation to build value in other ways.

In many markets its not possible to get loans sub 50K and most banks will want you to leave at least some of your cash in regardless of the ARV. 

For individual units, the cap rate isn't too bad at around 2-5%, especially considering the appreciation, but I feel like I have money stuffed under the mattress with the large amounts of equity I have built up in them.My end game is to leave Beijing and move to the SW U.S. when I retire from my current career within the next 5 years. 

Do you leave a week gap in between renters for repairs, etc?