Ideally long term leases.

Ideally, you should be using homes for comps that have similar finishes to what you are planning to do with your renovations.Hope this helps!

Not saying that this is the ideal way to go or the way that the numbers over time will work out the best, but you will be able to use really good leverage in a highly appreciating area which is always a plus, and you can potentially pivot to your own SFR and some income properties. 

My living trust should include this property just in case I dieWhat would be the ideal order?

Most of the work is basically e-mails and web searching, sometimes you need a zoom or a call with a lawyer, servicer, realtor etc. and that can be done even with the time differences.  

@Andrew P.  1) as  2022 is almost  here -  consider  completing and filing the 2021 tax returns asap  and  consider having the  schedule E  for the  rental income  show as much of a   positive  net  income as possible  ...this   might  increase your tax  exposure for the year but if the  result  is  that you will be able to line up a  HELOC on your primary  property , it could be worth it 2) a  traditional  cash out  refinance  will  have the same  issue   of using the tax returns  for the  qualifying ratios  - the LTV  ( loan to  value ) for a OO triplex  isnt  very high 3) recent FED  announcement  - 3  seperate  .25%  increases   expected for  fed rate  in  2022  - this means  HELOC / prime rate will increase  by the same  amount when  these increases occur 

I find it very interesting you took the time to look after these guys and you wrote an e-mail questioning them, which I really appreciate a lot!!

Can anyone refer me to resource where I can get a MI purchase agreement that can be sent and e-singed?  

Actively investing out of state can work, but passive investing through syndication deals is ideal for out-of-state investors looking for better value in top markets.

Ideally I can contact them before buying their mortgage.