There will be other large ticket issues that pop up as well as big things that will eventually need replaced like the roof, furnace, plumbing issues, etc.If you have enough properties for enough time the below or worse will eventually happen and repeat itself.

While I know they will come down eventually and I can refinance I am feeling the sting right now, and with not alot of applications coming through I find myself open to more ideas like this (rental Arbitrage).

They will want to eventually get a place to rent or buy.

I eventually got paid on the second.To.

My current plan is to buy 1-2 single family homes to rent out per year, and then eventually move out of my current home to rent out as well, once I find my forever home. 

I eventually dropped PW and I've been using PS 100% of the time.  

Good luck "By the way I believe you can succeed in both markets (high cash flow/low appreciation & low cash flow/high appreciation) but best odds are if you are intimate with the market."100% agreed and there are many ways to skin a cat (Sorry to the animal activists) hahaHaving the intimate market knowledge as you mention and an end goal will keep an investor on the path forward.Time is a beautiful teacher and will eventually reveal what strategy was best.Much success

But I would advise you have a plan in place to pay off the existing mortgage in 2-3 years because eventually the original seller will become unhappy with having a loan in their name and no house to show for it.Finally, there's a lot of irrational fear out there about the due on sale clause and the lender calling the note.

As I am now focused more on cash and creative wholesales-SFR & Land, to eventually do fix and flips, buy n holds.

My goal is accumulate properties while I’m still living at home, to eventually be able to fund building my own house with the cash flow from the properties.