I'm finding that linear markets like Kansas City have scant inventory on B props, Chicago's increasing tax problems are a mounting concern considering years of mismanagement of that city, Jacksonville turnkey I don't get warm fuzzies esp. some of the more reputable turnkey firms there, Ohio markets I'm also not seeing compelling economic evidence that won't be dislodged by a market pullback, Texas, Ariz, Seattle, Atlanta--all these markets are narrow unless you're an insider, and even though I'm relatively long-term (15-20 years), to invest at what seems like the top of an asset class seems imprudent given a 10-15% correction. 

@Brian Corbett --are you coming to the Rocky Mount MeetUp on the 18th of January?

Tenant agrees to not mount flat screen televisions or other heavy objects to walls, ceilings, or woodwork without prior written permission of Landlord.

Moreover, because of the age, fixing these things usually means replacing because parts are no longer available (range elements, side mount faucets, etc).Also, where are you getting a non-occupant loan with 5% down?  

I replaced a blower motor on a 30 year old unit a couple years ago.

That is still very good for only 2 units so your deal is certainly a great one assuming it does not have  large mount of deferred maintenance adding to your purchase costs.

Mount Vernon is on the up and up and could use some life, but like Natalie mentioned, I don't know of any small multifamilies on the market.

Now that "something" usually refers to water, however could be anything, an overheated motor, faulty compressor, a fork, etc.

The areas with good strong rental markets are Yonkers, Mount Vernon, New Rochelle, White Plains, Portchester, a few others.

A new construction housing mounts from joist to joist, and is wired in prior to Sheetrock.A retrofit housing waits for the Sheetrock to be up, then the hole is cut, the wiring done and then the housing installed.