However, I don't like the ideal of using cashflow to improve units for a couple reasons, I see it as a slower strategy, I have to wait for cash every month to improve items, and what if there's a large capX issue, now I'm potentially stalled mid rehab with a vacant unit.

There is nothing wrong with continuing to use it, but I would put some other horses in the race. 

Beach and maritime themed decorations if near the ocean, moutainy stuff in the mountains, spurs and horse shoes in the southwest/desert, etc.

Not to beat a dead horse but I’m another supporter of the luxury vinyl flooring.. easy install, cheap and durable

Newbie investor here. It dawned on me that if I pull out a HELOC to make a down payment on a rental property, and then finance the rest of the property, there will be no actual cash flow, at least for a number of year...

Fannie Mae acts as the stalking horse and buys them for face value if no one else bids- which is every single time- because after sitting for between 2 to 10 years, even the better ones are getting musty and moldy inside. 

Horses require some kind of shelter and fences.

@Alexander FeliceThanks I made a switch from a major bank blue logo to a major bank with horses! 

The remaining brokers/agents are the war horses who have survived and thrived in any sales cycle.Jack B. more power to you and happy for you if you can sell on your own.

Hold your horses!!!!