Have you added anymore units yet?  

But I will be honest, the rentals I have been added the last 2 years here in DFW have negative cashflowed.

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For example, I started investing in Buffalo (NY) a few years ago because I liked the stable population statistic along with the fact that a big chunk of the population is in the healthcare industry... along with major car manufacturers having plants or some sort of manufacturing factory there (Tesla, GM, etc.) 

He's probably clearing more than $25k-$30k from the ad revenue.

Is it better to keep adding equity by doing work on the houses while I'm renting them then refinance to recover the initial down-payment to reinvest into another property or to pay down the heloc?

That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.

Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?

I saw their ads on BP. 

Or rather, my $100K -- which is a rough guess of revenue added by pricing / min stay automation across our two properties.