I am sure there is something I am missing here. lol    The reason people don't like to do this is that it adds a layer of complexity and expense, but it does offer many rewards.

Homes are kind of expensive in this area.

I have seen many investors who bought years ago preach management companies but real life since 2018 the numbers have required self management to provide sufficient cashflow.

Columbus is decent but getting expensive.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Now let's consider some other expenses. 

On the other hand, this lender is also very picky, for example they require 100% liquidity of the borrower, meaning someone would need $3m liquid to get this $3m refi (& you don't get to count loan proceeds towards that liquidity).

@Tonia Butler Kinsey what your agent said is technically true, but the reality is it could get very expensive for you.Tenant could stop paying rent, and you take them to court. 

Any change of career (which includes going self-employed) would require you to have two years of tax returns showing income before you can get a loan.

Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%.