I know we landlords like to back each other up but come on, I can't believe I'm the only one being neutral about this.

In places where they are “neutral” they can be a place to go to get the tenant to perform as the lease requires.  

The rent after rehab was $3.1K (ratio: 0.56% - virtually the same as prior to rehab) which is still likely negative (my projections had it neutral because self managed but it would be negative otherwise).So at the end of the refi I have $136K equity (using a low refi appraisal) for $50K invested. 

Two tone neutral decorator paint throughout.

Especially electrical you need done by a insured professional, if someone is killed because your "painter" didn't ground your neutral or something you'll be not only be sued but go to jail.

So if I purchased a cash neutral SFR 5 years ago (and 5 years ago it was still easy to find cash positive SFR at retail in San Diego) it would be cash flowing close to $700/month (assuming fixed rate loan and no refinance to take out the property appreciation. 

I am confident of on-going rent appreciation but am more neutral on continued market appreciation.Good luck

Your risk can be mitigated by having a neutral 3rd party inspection and appraisal done.

We are neutral on Petersburg right now as lending market.

And Note what happened in 1990To clarify, I'm not suggesting that you buy cash flow negative or neutral properties.