They had charts, they had indicators, they had confidence galore that the end of the bull market was nigh.

Nashville job market continues to grow and is the best indicator of growth.  

Most people seem to indicate that if my plan is to hold onto these properties (which I am) that I'd be better served to do a cash out refi on my primary.

The more I learn about RE the more leveraging your money seems to come into play and trying to minimize your initial investment and even pull money out to do more deals makes sense.At my RE meetups it seems like creative financing is really how all the pros do deals.

Also keep in mind you will need WC/GL which will cost around 20K a year for minimal volume, you will be on the hook for warranty and callbacks as well as taking on all the liability that the GC would normally shoulder. 

You want them trending down this indicates high demand in your market.

@Calvin Kwon yeah definitely going to be more than that especially if you are using financing, which sounds like what you indicated.

Hopefully that same firm can assist you in minimizing your tax bill while filing a compliant return.

To the OP, you've asked for advice, received it and are indicating you're going to do whatever you want anyway.

The listing indicates the seller is willing to provide financing.The units are all occupied and current rents are well below market value, but I'd probably need to do some minor renovations to bring the rents up to market.I can finance the property on my own without any trouble, but if I buy it I'd want to renovate the units to bring the rents up.