If dipping into your emergency fund makes you uneasy, you might consider waiting a bit longer to build it up or look for ways to increase your cash flow on the current property.

I would also recommend increasing your liability coverage to at least $2M.

I was told by Wagner that the builder is trying to refinance the construction loan as the cost of construction has increased. 

They further out the ripples go from the stone, the less appreciation your receive while the cash flow increases.

He tells you to pay him $5,000 (or much more) to learn all the "secrets" that made him wealth, but then he doesn't tell you that his "secret" was to increase earnings, reduce expenses, save up and invest.

That sounds like massive renos (ie new floors, painting...).Yes as you acquire more properties, the chances of having multiple vacancies (no matter how leases are staggered) increases.

Historically, the average days on market (DOM) for rental properties only increases by about 6 days during November and December.

With increased competition, renters are opting for homes that offer better value, updated features, and overall appeal.Final ThoughtsThis market shift is a wake-up call for investors and property owners in Charlotte.

I suspect that is unlikely with the increased need for housing.  

"Getting in" is easy; making money, managing the business, with the increased financial risk of commercial properties is a whole different game.