This is due to the  increase in mortgage rates and house prices.Pros/cons as I see it:Pros: two appreciating assets versus one; as rents rise, we’ll make more net income.cons: less cash flow, double capex, double maintenance.Anyone mind letting me know your thoughts?

Builder in place, Built my place next door to Ocean Baverro, but I could not get the funding for the build out.

The 4.5 approx acres next door would be an additional cost (not owned by me at the moment.

It's embarrassing to get a call from a tenant about a foreclosure notice being posted on their door. - Due to all the EXTRA handlholding with the tenants in these circumstances, we either terminate our management or require a higher monthly fee from owner.If you are a PMC reading this and you do NOT have these checks in place for new clients - the market slowdown is going to cause you a ton of headaches with desperate owners dumping their problem properties on you.

The lights start flickering and we hear another door slam somewhere else in the house.

Furthermore, if rents rise in the coming months/years, this too would increase cash flow. 

@Mitch MesserJust got my property tax assessments and they've been rising.

MY LTR's are mid-tier for their market and have minimal cash flow at the moment so it all gets eaten up by  repairs and manager fee, my goal with these is mainly long-term appreciation and eventual cashflow as rents rise. 

These areas still have a great rental demand and not overbuilt.Areas like Northern Liberties, fishtown, point breeze have a lot of options, but also a lot of struggling landlords as there is a great number of new construction high rises creating a lot of supply in the nearby market.

@Kitty Walker- As an investor, I've refinanced multiple Padsplits and co-living properties (where we go direct to tenant without Padsplit), and I generally agree with your last statement, with some caveats:- if the renovation is done well, the appraiser may not even say anything that would indicate it is an "abnormal" SFR (has happened multiple times with me)-the investor may be wise not to make the house crazy- just leave a nice open living room, put double doors on the dining room so it can function as a bedroom now but be easy to convert later, etc.