Once again, I am ambivalent on this and slightly negative in that I feel may be in some ways less favorable fir LP in that in does decrease the ability to underwrite a deal. 

First property, buy and hold, decrease monthly expenditures How did you find this deal and how did you negotiate it?

I've been seeing transparently priced properties as of late and my realtor has mentioned that many are receiving less offers than before thereby decreasing competition and the inflated prices you see after bidding wars.

Look for markets that are growing in population, jobs, job diversity, median home values, income and are decreasing in vacancy and crime. 

I’ll pull out equity and my mortgage payments will actually decrease.

That can be a huge point, if colleges are actually decreasing their density within the dorms, etc. 

I understand that purchases of additional inventory decrease purchase costs COGS purposes.

Not only does the second bathroom add value- it's likely to significantly decrease your vacancy.

One solution is you can decrease the unit count, and I have done that on a 19 unit property that was converted to 14 units.

If recession hits and real estate markets decrease, what areas do you predict will do the best?