If you have a great job where you can absorb things like, a new $4,500 AC, or a $10,000 roof with little concern - a cash flow play could make sense.  

(like a roof etc) If you are buying cash flowing properties your DTI should IMPROVE not go up if your LO understands how to calculate.

Planning to do the same to the second unit in August.We've been doing lots of landscaping and plan to:-replace the front fence-replace the shed -paint the outside -add better ventilation through the roof What made you interested in investing in this type of deal?

Renovated kitchen and bath along with renovation on 100 y/o hardwood floors and new roof to make this a downtown Concord gem.

Demand is through the roof in all of the areas we lease.

  $15/sqft under roof instead of $10, for instance. 

MF hedges against market shifts and cap ex. also doors are a multiplier X so if i have 100 units under 1 roof and 1 of my tenants moves out and trashes the place well thats only 1% of my expense.. as opposed to 1 SFR which would be 100% of my expense.. the only aspect I could potentially agree with is the liquidity.. but lets start off with IF you are investing in holding real estate then you SHOULD be holding LONG TERM. so liquidity is only a tertiary calculation.

If the roof is spongy and you go into the basement and the water heater and furnace are encrusted with an inch of rust, that's a different issue.

I like large oak tree personally until the branch falls to the roof 

Unit 2:  4 Bed/3 bath pool home, purchase price $449k (with seller credit of $15k towards new roof).