Also, with interest rates “high” you might calculate how much extra $$ the leverage will bring in and if you have the bandwidth to pay the mortgages if the dont rent out for a while or rents decline.  

Down the road I’d shoot to house hack just outside of Boston, but my option is strictly flips for right now (possibly BRRRR depending on Mortgage options)

We have an existing home with a $430k mortgage,  of that I still owe $370k.  

You don't own it or have to worry about their mortgage unless you plan to exercise the option and buy the property.

Notwithstanding the foregoing, if the value of Scott’s interest in any of the LLC interests listed on Exhibit B increases as a result of his active efforts, the appreciation of such assets shall be deemed Marital Propertya) Active shall be defined as exclusively engaging in gainful self-employment working toward the growth of his LLC interests listed on Exhibit B, successor LLC’s, spinoff LLC’s, or any other LLC or gainful acquisition made using premarital funds, mortgages, or other financial instruments to fund growth.

While you are waiting you still have to make mortgage payments with no rent coming in. 

Most brokerages actually lose money but use vertical integration with mortgage and title to make a profit.

The one I am currently working on will then  become a fixed 30 yr mortgage, and stop the draws/repayments.  

I noticed that a number of these had banks or mortgage companies listed as interested parties.

@Aditya MainiI think a mortgage bank would be your partner in the deal and underwrite it independently.