Isn’t this ideally making deals and using your rewards to expand your growth.

If you think population will expand and can analyze that data to rationalize it, I say go for it.My buddy made a joke that if a town had a starbucks it was going places, but I think there are more things to analyze.

So the total numbers with the aforementioned purchase price along with 10% for CapEx and Main each and all other costs (taxes, Ins, S/W/T) are:-Equity once the second unit is updated = ~$100k-Monthly Cash flow of ~$869-CAP = 9.37%My wife and I had a smooth transition into RE and we are looking to expand, maybe not right away, but once the dust settles a little more. 

Can you expand? 

This can be seen with the overhaul of the visitor center, the new botanical garden, new hotels, urban bourbon trail, and expanding the waterfront.

The kicker...there was an entirely undeveloped (graded) acre next to the 88 units that we could expand on. 

We installed a $500+ window on my property and used him and 2 guys, they were on time and did the job well for what I felt was a fair price and knocked it out in a day plus they did repair on inside after since we expanded the window.

We have expanded from one truck to now two trucks and we are about to wrap the second truck with the company logo.

What's growing in the neighborhood (E.g. is a hospital in the neighborhood expanding? 

I prefer to buy and expand existing properties.