My goal is to continue to acquire more cash flowing rentals to eventually leave my day job and just self manage the rental properties. 

I don't know how much you will be paying a property manager but add that in.

If not ask to speak with a manager.

A scenario like that would likely result in getting your entire investment back upon refi and also a nice cash-flowing rental to manage.   

I would run this by your realtor/property manager to get clarification.

If this is your only rental, it's more about if you want to keep the property from a management perspective.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Investment Info:Large multi-family (5+ units) commercial investment investment.

I am an out of state investor and I am being told the property manager can no longer serve the eviction notice.

Hi Kyle, I would recommend chatting with a property manager in the specific city of Ohio you're looking to buy in.