Just a quick follow up on this (maybe someone will benefit from it in the future).

A lot depends on whether this is ingrained behavior or just an adjustment to apartment living.

I can see the benefit of buying more smaller units.

We can always cash-out refinance in the future, but will probably only do that for our primary residence (which is on schedule to be paid off in ~10 years).Without looking at your numbers, it sounds like you still need even more cash flow, either (a) through refinancing - such as your current plan to refinance  combined with buying more properties, or (b) you need to adjust your current living standard.

However, based on what I heard from several of my real estate attorney friends, there're no benefits of Nevada corporations over a Texas LLC, in most cases.

We will continue to innovate in the application of regulatory rules and constructs for the benefit of non-accredited and accredited investors alike.

He might be receiving indirect benefit from the IRA which would be violation.

Owner occupied is a great way to start and there are many benefits to that approach. 

I've blogged about how much I hate dealing with banks, love the owner financing option, but I'm learning the benefits of really developing relationships with bankers, especially as you pursue additional deals.

I know this is not what you are asking, but have you considered the benefits of NOT paying off your mortgage?