Just to beat a dead horse, we could see a recession in the future where you and/or your spouse lose your jobs.

Scares all the horses and dogs, but hey, it's ony a few times a year....

If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

The majority of investments is a game of "race to the bottom" and "who holds the cheaper debt" card. 

Horses? 

We are all running our own race!

Was it easier to dig the foundation with shovel, horse and scraper or with a track hoe?

I do understand that not partnering pushes back your timeline substantially...I'm in the slow and steady wins the race and stay small, own it all camp, though. 

They are not very mobile and this neighborhood looks about the same, demographically, as it did at the time of the Race Riot of 1967 where buildings all around your property were burned to the ground.

One of their so called instructors from one of the training sessions asks the students to go to the five star hotels, or go play golf, or go horse riding, or go hang out at the high end night clubs for the sake of fund raising.