Really expedites the time it takes to reach FI when you can completely eliminate your housing payment and get into multis for such little down and start building equity/cash flow with each one.

This targets family’s between homes, either because they just moved to the area; have a definitive time work contract; current house is being rebuilt/remodeled/repaired; students with “rich” parents; recent separated/divorced who needs space for children visits; Houston medical center stays; etc.  

We are wanting to add to our real estate investments, but are having a difficult time deciding which market to consentrate on. 

Typical equity build up time is 5 years, depending on your market.But can you purchase another rental using your own capital?

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

Personally I consider it to be more of a entry level neighborhood for first time home buyers and a blue collar neighborhood for long term renters.

Getting an LLC in place from the start can provide peace of mind and give you a chance to familiarize yourself with the process before expanding your portfolio.

If at one time the house had gas heat it may still be rated as gas.

Again, I used my parents but this time only as lenders of part of the money for the down payment.

I’m aware of this happening once previously last summer, but thought it was a one time accident.