I'm also toying with the idea of a large balloon pmt at the end of a short term. 

Do you think it is a good idea to have a lender from the state you want to purchase? 

I welcome any suggestions for ideas to keep costs low for LTR tenants. 

As far a business ideas go - I have always liked providing a service as opposed to a product, so I think this fits that window. 

I Appreciate the ideas I think just paying cash and refining into a portfolio loan would just make it a faster process at this point. 

Real Estate Rookie by Ashley Kehr does a good job of painting a very clear picture of that as well as other fundamental ideas, it is very basic but does a good job of overviewing all of REI. 

I would dissolve the LLC the year after the property purchase is seen on the return.Please share thoughts about my idea and if there are better alternatives or details I am missing.

I know initially it sounds like a great idea - pull out equity and use it to buy more assets.

I have great equity in my primary residence and have been playing with the idea of a HELOC for my next investment.  

Those are good ideas.