@Rich Baer, Having trolled the forums for a bit... it seems to be the prevailing thought is that as long as you have your properties humming along with a nice cash flow (properly accounting for vacancies capex and repairs) and a nice cushion of equity, it gives you a lot of exit options and staying power.  

Make doubly sure that the numbers are the numbers are you have sufficient cushion 

Moving forward I guess I will have to add additional cushion so that I can at least account for the increases. 

Also I would want all the details on roof, windows, water heater, HVAC, etc.If you have to make an offer sight unseen, make sure you have an easy out(with your earnest money back) and you leave yourself a cushion for unexpected repairs. 

Just make sure you have plenty of cash when you do pull the trigger so you have a cushion if things go south.

I I plan to retire in the next 10-15 years and although I have a wonderful pension plan from the Directors Guild of America, I'd like to have a bigger cushion.

My current cash on hand isn't really sufficient to put down 20%, put money into fixing it up (if needed) etc while leaving me a safe cushion.

However, I do understand the extra cushion as self-representing as as the PM too. 

Hope you got it at a good price where you have some cushion for these situations.Experienced something similar.

When buying at a discount, that provides a cushion in the event of an economic downturn.