3) I'd go with Vacancy of 8.33% as this will mean you save up one month of rent every 12 months, 4) 3% repairs seems low, if it were me I'd at least bump it up to 5%, and 5) even though you plan to live there and self-manage there may come a day where you want/need to outsource management of your properties so it's usually a good idea to budget for management costs like @Doug Shapiro was saying.

What are some ideas for tapping into that -- which would include reasonable terms (not interested in hard money, e.g.)?

Kyle Lewis Thank you, that's a good idea.

@Ananda Wasan @Dean IodiceIt's a good idea to run a spreadsheet when considering Turnkey.

The idea is for the bonuses to be fairly substantial and payable when I refinance each property.

I'm writing today to see if anyone in the space has any alternate ideas for how I could be treating my portfolio.  

(Sticking with the idea of a traditional mortgage of course.

I would love to connect to get an idea of how it's going for you (vacancy rate, cash flow, your overall experience).- I'm drawn to the Mt Pocono area for it's proximity to local attractions, but does anybody have any other recommendations?

I have no idea what the end game is here, but it is rather disconcerting.  

Thank you all for continuing to add such thoughtful responses and ideas.