People are paying prices that don't make sense and it's just not sustainable.

I think that’s where you are getting confused.Also, not sure how sustainable/reliable this strategy is - relying on accelerated depreciation in the next deal to offset the gains from the exiting deal.

In my opinion, it is the best strategy to utilize to get into real estate in a fairly cost effective manner.

Focus on building a sustainable income.

As far as I'm aware, appliances being included in a rental are simply just to encourage an applicant to lease the property; appliances are not required per-say.As far as "expectations" are concerned, I would say your list is reasonable as to what I typically suggest having available for a rental as they will sustain wear and tear better long-term that providing laundry or counter appliances.Best of luck to you!!

I'm not seeing this market sustaining much longer as interest rates rise and supply being so low unless builders grind out homes like no tomorrow to meet the demand.

Prices are likely to double new construction with 100% Concrete stormproof structures and 100% sustainable housing with whole-home Solar & Battery is key for increased property values.

Separate accounts for each property is not really sustainable as you add a lot more properties. 

“Fannie Mae’s new Refi Now option will help more homeowners refinance by removing some of those barriers, improving affordability and promoting sustainable ownership.”The programs aim to expand refi access by lowering costs and loosening some eligibility requirements.

Its true at higher tax brackets though that you want to try and get future income in as tax efficient a manner as possible.