Currently have three properties in three different states. 

We just recently purchase and put a tenant in a property for a landlord out of New Jersey so long distance isn't a problem.Give her a call at three, two, one - five, one, four - seven, three, two, three she'd love to chat with you and tell her Jonno sent you :)Or you can shoot me your number and I can get her to give you a call at your convenience.Cheers,Jonno

Three tenants are on the lease for her house, but she pays 1200 dollars in a check every month to landlord and her sister pays 700 in a check back to her.

The rest in three additional months so a total of 6 months to be safe.

This is a three part question....Am I wasting my agent's time?  

I personally want to focus on LBH, because I have a good career and I want to invest in real estate for the benefit of my three daughters.

So many of my peers will run around creating this culture saying that it's worth refinancing every 6-10 months, which is instantly what I think of when I see "go refinance again" followed by three exclamation marks ("!!!")

Has anybody ever heard of something like this, he also said it is a 50 year loan that can be paid off much sooner he was describing paying more every month, the extra payment after three years we can either have that money back or we can use it to pay the loan down and he was explaining the resin they do this is to keep money in the account like this because they want to make sure the loan payment can get made in order to make this a  very good performing note that they can sell if they want to.

Now here is where It gets interesting:All three properties were given to me by my grandfather..

Two years ago I purchased three properties in Florida all totaling about $110,000 including rehab costs, it has taken me two years to pay off all of that debt I borrowed money to make these investments of course (using a hard money lender).