I am Andrew, and while you might not find me rennovating houses just yet, I am focused on becoming a long-term rental investor through the Brrrr strategy.

Having both for us is a great benefit as the management team manages the assets and knows what they are doing, in the same token our finance team can run models and take historical data and use that data for some of our future projections.

What would be the exit strategy?

Depending on your investment strategy / goals, there may be other options rather than creating multiple LLC's.

I'd recommend looking at some additional strategies that we post about in the marketplace.

This is a difficult and aggressive strategy, and it means you'll spend much more time upfront finding the deal; this goes without mentioning the risk of doing this while managing a family life and a busy job.First step is understanding if that cash-out refi is even an option. 

If you decide to just learn on your own one way that is not high risk is by doing the house  hacking strategy where you buy a single family or multi family unit and live in the property while renting the other units or rooms.

Figure that out and you have got yourself a winning strategy.

Do you still see the traditional house hacking strategy working in the DFW area even with higher rates?

@Sara HabtomJ Scott's book pair about flipping and estimating flips was pretty comprehensive and no upselling.Amanda Han's two books on tax strategies were also pretty good starters.