Business Plan Sanity Check Question

[Account Closed]

I'm beginning to define my real estate investing business plan and I have a question. 

At the moment, I'm reviewing buy and hold properties for all cash purchases.  These will likely be Class C or D neighborhoods. 

I'd like to end up leveraging those properties to obtain / financing for multifamily rentals. 

What do you think about this strategy? Anything I'm missing? Any pitfalls you foresee?