So maybe if you're still feeling a bit nervous you could partner with one or more of the others to do something together.Lastly your question about a duplex/4 plex resonates strongly since you're renting now. 

The refinance R is difficult with a VA loan due to the extreme LTV, so do not rely on being able to extract that sweat equity but realize it is there regardless   FHA loans have sustainability requirements for triplex and quads that prevents them from being purchased via FHA loan.  

Peoples,I've seen nothing but success, insane appreciation, great cash flow everywhere, but will these trends sustain itself everywhere in the metropolitan areas over the next 1-3 years?

In other words, if you’re think today’s overall homebuying conditions are sustainable (I’ll bet you sell real estate), you’d argue the top of the rankings are simply the nation’s “hottest” markets.

People are paying prices that don't make sense and it's just not sustainable.

I think that’s where you are getting confused.Also, not sure how sustainable/reliable this strategy is - relying on accelerated depreciation in the next deal to offset the gains from the exiting deal.

Focus on building a sustainable income.

As far as I'm aware, appliances being included in a rental are simply just to encourage an applicant to lease the property; appliances are not required per-say.As far as "expectations" are concerned, I would say your list is reasonable as to what I typically suggest having available for a rental as they will sustain wear and tear better long-term that providing laundry or counter appliances.Best of luck to you!!

I'm not seeing this market sustaining much longer as interest rates rise and supply being so low unless builders grind out homes like no tomorrow to meet the demand.

Prices are likely to double new construction with 100% Concrete stormproof structures and 100% sustainable housing with whole-home Solar & Battery is key for increased property values.