On a related subject : (A little bit of good news in a crap world) :  I have a giant, a truly huge, thank you to you guys :  Thank you so much to the many people who took the time to give good free advice to a : A Veteran, a stay at home mom (who had not worked or had income in 27 yrs)   I really do thank any of you who gave me advice 4 yrs ago.

That being said, this data combines several key areas around Boston proper to provide statistically relevant data; it is less likely for big swings from individual towns.

Thanks Its a similar concept to Weighted Average Least Term (WALT) you want to know 95% of "what" a 95% occupancy of all 10x10s still isn't meaningful if those last units are crap locations and won't ever be rented

Without experience and advanced planning it could be a net negative, PM nightmare, or combination of challenges. 

Or maybe you want to do a combination of the above?

Echoing what @Devin Peterson said... unless you put a lot down, purchased below market, renovations substantially increased value, or better yet a combination of all that he wouldn't have enough equity to refinance.

If there is 5-6 units, possibly some could be combine and it would still be good for an FHA/conventional buyer. 

HELOC is my first thought too but I am looking to combine them all into one mortgage and take a HELOC out on all 4 of my houses because they are just typical oklahoma town houses that only run in the range of probably 50k. 

Both of these combined cannot exceed the total of $69k/$76,500, however that entire amount can come from the employer side if you don't contribute on the employee side.   

Judicious use of refinances combined with 1031 exchanges will have you cooking with gasoline in no time.