That being said, if the building featured a mix of 2bed, and 1 bed units, I would be tempted to pull the trigger if you could get the rents up fairly soon, especially because of the price of units in MA.

the guy with the 5-25K car or the guy with the investment of tens of thousands of dollars, your 'collateral' is not collateral at all if its the trigger that causes the Tenant to lash out towards you through your much more expensive investment.Of course all of these are extremes, my point is that just because you can do something (big if) does not mean you'll come out on top, you may very well still loose in regards to protecting your investment, reputation, cash-flow, profit margin..... get my point.

Perfect, I got the FHA loan already, when I'm ready to pull the trigger for my next deal I will definitely keep this in mind.Thank you @brian Garlington

I am pulling the trigger on a much larger complex, though, and the depreciation expense is substantial.

Finally pulled the trigger on our first duplex and we are excited about that.  

@James Edwards, will a sale trigger a new assessment in your town?

Based on my 5min searching on apartments.com in Lynhurst, I noticed more than half of the SFH listed had AC so I would definitely pull the trigger. 

Seattle is expensive but I plan on relocating anyway when I pull the trigger, so I'd have less expenses.

Would you pull the trigger and which option? 

seems like nobody wants to pull the trigger on setting up a meeting.