Not a big deal to refinance every 6 to 12 months if you aren't allowing your loan balance to go up any each time.

They'd most likely have to do this on their balance sheet though, so you'd probably need a previous relationship. 

My main goal is to achieve financial independence while enjoying life.

When the work was done I stupidly paid the balance even though the radiators were still in each room.

Hi @DJ Henderson if you're truly purchasing with all cash then you're not adding any debt to your personal balance sheet, but you're also changing the mix of assets you hold (you would have a property and less cash reserves, vs. more cash and no property.)  

Once purchased, I would then reno, rent & refi to pay back the balance of the HELOC and I would continue this for 10 years.

Once you achieve financial freedom you will have more time to dedicate to your life and business.

You just have to look at them as an extra income stream that will not aid your balance sheet much. 

If you have the right management team in place and treat tenants with care, I believe you can always grow more to achieve more -- as long as you do so with care.

HelloI am wondering who out there might know of any lenders that do small balance multi family cash out loans.