beauty is in the eye of the beholder..

That allows me to show ROI from both a cash flow perspective as well as total ROI (cash flow + debt paydown) when compared with the estimated equity.The results were eye opening... there's a few on there that I'm likely selling off as a result of that exercise and a few others I'm going to do a cash out on.

I'm just suggesting you be well informed:I loved reading Robert Kiyosaki's "Rich Dad Poor Dad"... it was extremely informative and eye opening... albeit told in a bit of a crazy way.  

You may hear different from some here, but my advice is NEVER purchase something you don't lay eyes on. 

Some folks want a seat at the table and real control, while others prefer to be passive.. letting the sponsor do the heavy lifting.From what I read in The Economist, some markets (like Phoenix) are experiencing fresh pockets of growth in multifamily, so it’s definitely worth exploring if you’re eyeing future expansion.

If you can arrange a visit to see how the tenant is taking care of their current place, that will open your eyes as well.

Also, as others have noted the way you appear in a lenders eyes will change as soon as that $500k salary goes away.

Because we were clear eyed going in it has worked out ok. 

Also, keep an eye on local zoning and landlord-tenant laws—they can vary quite a bit.

There is absolutely a way to have eyes, ears and boots on the ground for finding and rehabbing properties.