Unfortunately all the lawlessness, and homelessness in CA doesn't help. 

But a long driveway doesn't help if cars are blocked in by other cars when renters need them to go to work.

I also make sure we're above our minimum reserve target, which is roughly $1-2k per unit.Call me simple but the bank account doesn't lie.  

And I know 200k doesn’t mean much especially when it’s just sitting currently.

Anywhere else in the northeast just doesn’t capture enough year-round traffic.

You could then get a HELOC/LOC on that paid of property (a product that doesn't require you to use it) and then if you did have a big emergency you had a line to use on it.Now, ALL of this is dependent on how much money you have in the bank, how many properties you have, what your income will be like in retirement, what the standard age would be for your end of life (that's a scary one to think about), and while yes, you can certainly take equity out I just think it would be good to sit down with a financial planner...or even some other investors that are local to you that are around your age demographic and see what they are doing.I'm glad you are thinking about this for sure.  

I concur with Jay: it's all in the discount and $100k doesn't cut it.My 2 cents,Mike

If your lease doesn't explicitly address pest control responsibilities, it’s worth reviewing and considering adding a pest clause in the future to prevent disputes by adding every single pest.

@Nick Burrell your profile doesn't list any goals, but saw your other post about fix & flips. 

Just make sure you have a real investment plan laid out because it doesn't benefit you to pull the trigger just to end up losing money every month or losing the property because the numbers don't work.