In our Bham, for example, that $150k in equity could easily cover down payments on 5-7 solid B/B+ cash flow props that rent for an average of $950/month.

I have seen examples of PSAs that are one page long, and I've seen other PSAs that are 11 pages long and require a degree in Legalese to read.

Also many times there are other terms that are more important to a seller than just the price, I have an example of a deal where the seller was set on not having a financing contingency, and was willing to give me a 25% discount on the deal (she had another offer on the deal at full list price with a financing contingency). 

One example we have come across was a 209k 3 unit property.

That is especially true with the tax law change that went into effect this year; the standard deduction nearly doubled, so the taxes you save by itemizing might be much less than they were in the past (in other words, because you are getting a larger benefit through the larger standard deduction the "cost" of not having the mortgage interest deduction might be less).I can see an argument for there being better uses for your money than to pay off a mortgage with a 5.5% interest rate (if you can make an investment that pays at least 6% for example), but if your quality of life will improve because you paid off your debt and are now "financially independent" then that is what you should do.

They are fresh renters so they are just getting their first water bill.

Let's take another example, you go to a networking event with a bunch of high tech folks.

For example, what lenders have you shopped for a cash out refi?

For example, https://archpaper.com/2017/09/los-angeles-shipping... https://www.huffingtonpost.com/entry/sleek-apartme...So I'm sure its the matter of talking to the right person.

My plan is to get a prepaid list of fresh probates, have a detailed mailing campaign, make phone calls and have a means to close deals.