@James Holmes I do residential and multifamily investing, passive and active, in multiple markets in the US.

      I'm curious as to the hypothesis outcome, and think its perhaps 50/50 as to whether this makes sense from a business perspective. 

They've often shown that buyer multiple properties over several days (or weeks even), and once they have a contract, there are inspections, and so on.

You already helped my perspective.

That tells you whether it meets your requirements there and whether its worth your time diving deeper on the ARV to THEN see if it makes sense from a cash out refinance perspective.

With no experience start small and go through the process first.On multiple units there is a lot to consider and first look at price, condition, up or down market and your own credit situation.If you have not rented to anyone yet, you do not want to learn the hard way.  

We deal with multiple sub contractors form our Main Sub, to HVAC to pool installers, electrical, etc.

From my perspective, I ran the numbers and, even with a property manager, determined it would be profitable.I'll have to check out Mike Butler's book - thank you for the recommendation.

No right of way taken on side street, concerned about city's perspective, loss of  square footage. 

@Ramsin Jacob 1. yes, we get w9 from all investors2. we cut them a check or wire their funds at end of flip. or if they want to re-invest in a new deal, we do that.3. i think you can do it the way your CPA said, but we have investors trickle in at multiple times, and deals move fast and w/ about 5-7 investors per deal, we keep it simple w/ loan agreements.