All good things to think about thank you for the response - will check in with a local attorney - any other color comments on the topic are appreciated!  

What if I wanted to order some supplies myself and have them shipped to the house (IE: light fixtures, bathroom vanities, flooring etc). 

Additionally, we installed a new sewer lateral, water heaters, windows, light fixtures and outlets, roof (including facia, soffit, and gutters), blow in attic insulation, patio, sidewalks, parking pad and privacy fence.

Additionally, we installed a new sewer lateral, water heaters, windows, light fixtures & outlets, roof (including facia, soffit, & gutters), blow in attic insulation, patio, sidewalks, parking pad & privacy fence.

We have 1 primary residence, for which we are room-hacking, 2 out-of-state rental properties (1 turn-key, 1 light reno), and 1 syndication.I am currently researching CPAs - some of them are charging ~$500-$1000 per filing per person plus tax planning services.

One guy was talking big game, but he only did one duplex.I’m trying to find a workable model to scale up, but haven’t seen the light yet. 

That way he won't have as many refinance issues.There was a podcast not too long ago where they talked about a HML that doubled the interest rate after 6 months or 12 months or something ... just something to think about to light the fire (and make a little more for you in the deal, if it comes down to it).

Burnt out lightbulb, toilet flapper not seating, worn agitator dogs, bad ballast in fluorescent lights, faulty circuit breaker, leaking wax ring in commode, loose p-trap cap connecters under sink, modem has reset to factory default, thermocouple needs replaced on hot water tank, filters need replaced for central heat/air, ceiling fan needs balanced, lint trap on dryer is torn, source input needs reprogrammed on HDTV remove, headboards too close to wall and making impact damage. 

I absolutely love the points that @Henry Lazerow brought up.Totally my opinion, but if you can finance using either of these products and do a decent size rehab you will be light years ahead of most. 

Already stated by @Eric Yu in an excellent way.I just recently turned 30 and I can say with absolute certainty that if my light bulb moment came at 22, I would house-hack without question.