Leverage: friend or foe?!?!

[Austin Smith]

Hello BP'ers !

I currently have 2 properties 6 units on total. One in my name, the other in my wife's. The original goal has been to buy 4 properties using our FHA/Conventional 5% down.

Should I care about over-leveraging when buying with these types of loans if the cash flow is great? (For example, buying with a 5% down loan, but cash flow is $1,000 a month). Obviously I factor in ROI and others, but I'm just talking about the equity position that is being taken.

The plan was to buy two more under conventional 5% down. 

This is seperate from any BRRR investing I'm doing.

Thoughts?