Then a guy like me isn't your best bet.

I would bet 4plex 203k (refi later to get out of lifetime MI) would be better if you plan to stay in one location for at least a few years. technically, I think you have to live in it 12 months, look into current regs, you might be able to rinse and repeat annually.

Your best bet is to attend local meet ups.

Probably the easiest way to go is to refinance into a commercial loan with 4 condos under one loan, and then if you want to sell one of the condos, they can issue a partial release, and just release one condo from the loan.

If so consider getting a HELOC on the first property versus Cash-out Refinance.  

Like Edward B. said, your best bet is to call around to at least two, preferably three or more lenders and see what they have to say.

My condo is even going to cash flow with me doing a cash-out refinance (I decided to pull some money out to allow me to put towards my next deal.)  

You’ll have a little bit more principal pay down / equity in the property when it comes time to refinance your dad out.

Buy one 100k single-family that's rent-ready in cash and immediately refinance it, to get out 75k. 173k left.Buy 2 distressed properties cash at an average of 86.5k value, and I will have 75k (37.5k each) to renovate them.What do the experts at BP have to say, is this a good plan? 

Refinance.