My current cash flow available to pay down the HELOCs/Mortgages would be $4,000 monthly, plus whatever positive cash flow is generated by the acquired properties.If I went with Option A and bought 2 SFRs for $250K, I could pay back $5,500 monthly towards the HELOC (plus simple interest)That is the easier math. 

As long as the price is attractive for the product you should be ok. 

Cash flow today (though it’s nice as a buffer and margin of safety...) and more focused on acquiring great located assets that are lifelong holdings.

In the absence, I'd love to see what folks think of the product and any considerations I might be missing here.

I am looking to acquire more real estate to supplement my income.

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@Kevin Riven because in Phase 1 you can get decent deals and lending is plentiful, in Phase 2 the properties you own or will purchase are about to increase steadily in value, in Phase 3 the properties you own or are about to purchase might decrease steadily in value, and in Phase 4 the properties you wish you could purchase will be very difficult to acquire since lending is almost non-existent.

@Robin GravlinFirst let me say fantastic job on acquiring these properties.  

But if you ask me what is the most important to have when acquiring multiple rental properties with multiple tenants, I would say that the number one priority is having a very strong insurance policy structure as your first line of defense for any unexpected/extraordinary events.

Don't let "accreditation" or the folks selling products "only accredited investors can buy" lull you into a false sense of security.