If this is kept painted without chipping, you should be fine.  

Sell and take (in my case more) chips off the table or hold on?

If I spend $5k on in unit washer and dryers and update some bathroom fixtures and kitchen stuff another $7-10k, I can attract higher quality tenants or/and raise the rents another $100 each. let's see how flexible the current sellers are, but if you all know any way to negotiate a blue chip deal i am all ears

After all it's not like we're a cashless society that pays for things with computer chips in a card and have a level of wealth measured in market value of nontangible divisions of ownership in companies and fiat currency based on faith in government, not to mention an arbitrary number assigned to us that determines our creditworthiness. 

You can't go wrong with the Native Nachos... chips, "cheese", "chicken", what's not to love?  

I would just say that in the right markets real estate is going to beat the market if you compare apples to apples, ie war zone to junk stocks, blue chip to A neighborhoods.

Should I put all chips in (minus reserves) if I can find cash flow deals?

Slowly chipping away at my dreams of financial freedom 

Not, however, because I messed up in getting the right things - just chipping away at acquiring necessities as I go - but every couple of days I feel like I need 15 new things.I've already done some demo work in the kitchen to open things up, bought and installed two washer/dryer sets (whoever did the plumbing was on drugs), and dealt with other little repairs that the current tenants had been nagging the previous owner about for months.In order to recoup costs from having a vacant 3BR unit (where the seller lived) for this whole month of Sept, I got a short-term tenant in until the end of the month at a slightly reduced rate.

Is it to keep flipping and stacking your chips?