Slow stable controlled growth of a portfolio lowers the risk as a broken furnace is spread across a greater cash flow base.  

The expectation is to rent it out, once I make a few upgrades myself that I had planned on doing such as new appliances and a few more cosmetic upgrades.

Maybe its time to upgrade your portfolio, I've come to the conclusion that over a longer buy and hold horizon (3+ years) the "non-cashflowing" A and B properties actually out preform C and D properties thanks to lower turnover and lower make ready cost.

Even though the basic structure was fine .. needed new counters appliances flooring interior exterior paint and other upgrades to get top dollar.

I remodeled her bathroom, upgraded her kitchen a little and added central air and other things.

More so when I do more upgrades.

Plus if you want extra features you can upgrade if you want. 

Lets say you are waiting to get that cash flow flip in 5 years; a new roof, HVAC, routine upgrades and the other stuff I mentioned can leave you in the whole another 5 years once it collectively adds up.

You can find something that is livable, but you can upgrade over time while you live there.

This resulted in a substantial $2500 reduction in the sale price.In summary: The place I bought from Ohio Cashflow was an old, broken down home that required frequent repairs despite having "significant" improvements at the time of purchase.