Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Derek, so assuming I get a 300K from equity via cash-out refi and I purchase a new property in full cash with no mortgage but with enough monthly cash flow to cover the new loan amount of $494 K ($194K + $300K), wouldn't it be okay to take this consolidated approach with one loan with two cash-flowing properties covering the monthly mortgage and other expenses?

You should use a state-specific lease that is clear regarding the start and end dates, the monthly rent, the fees that will be charged (ex. pets) and those that may be charged (ex late fee), the amount of the security deposit, and a clear list of rules associated with the property (no smoking inside is a big one as are rules related to parking).

It's a deal or no deal issue if you ask me and we have REI experience.

I work closely with several local credit unions and commercial mortgage brokers and rates were dramatically higher just 30-60-90 days ago. 

It’s just  that I have no accounting experience and I created my own spreadsheets when I started this (I created and know my own system, not this one).

Your question is basically a winding path back to the same answer, no matter what anyone says.

Keep up the great work, and feel free to reach out if you'd like to discuss financing options or new insights!

I recommend finding an accountant who specializes in real estate taxation and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

I don’t know how the IrS would feel about you writing someone a large check with no one declaring any taxes being due.