@James Zobrisky Relying on cash flow to fund future acquisitions is a challenging proposition.

Quote from @Michael Smythe: We're far from perfect, so our 2 cents should be taken lightly.Most of the national companies are setting up franchises and the challenge is with the individual franchisees.

Challenges?

Major metros pose certain challenges, as everyone has heard. 

People even do this in Vancouver though it must be extremely challenging.  

There will be moments when challenges feel insurmountable—deals that fall apart, difficult contractors, financial struggles—but the only way to succeed is to persevere.

If you do, you should expect a very aggressive challenge by the IRS.At $350K of combined value it might be worth the cost to get a segregation study if you intend to keep these a long time.

Seller number two walks away with all their cash, and seller 1 who already agreed to SF has now become a PML without the challenge of negotiating each deal with them.

Plymouth is an amazing spot to own a rental but making the numbers work is challenging at current prices.

Very challenging if not impossible to make lot ratios work if the existing property isn't conducive.