While a good investment should pay for itself (either in tenants paying down a note or in sale profits) it can still be a big psychological hurdle for many people.A lot of new investors get their feet wet in wholesaling or turnkey and then incorporate other REI niches as they accumulate capital, leave their jobs, have kids leave the nest, or just have more time and energy for whatever reason.

I do not need the cash flow coming out of the properties and just leave it accumulating in my "Rentals" bank account.Should I go ahead and buy a proprety that is not a "steal" but still a decent deal, just so I can accumulate more properties?  

The thing is, if you don't make the payments you could lose the property and any equity accumulated in it.I hope this help and let me know if you have any other questions.

To top it off what other investment is going to give you accumulated growth rate at 50% or more annually?

I'd accumulate a couple/few good solid rentals CLOSE-BY because if you're the property manager you'll need to be around (and would you be hiring a property manager for the beach-house? 

The accumulated wisdom on this site, the participation of the community, and the resources from the calculators, the marketplace, the forums, the blog, and the podcast are everything that anyone interested in pursuing RE could hope for. 

My question is how do you log a cash out refinance on a property like the one I referenced.I had him log under the property, the actual cost (split land-building),  capital improvements(which includes closing costs from cashout refi), accumulated depreciation, loan costs that gets amortised over the life of the loan, and setup an escrow account that all the prepaid taxes and insurance went. 

Owes 76k on a note and an additional 80k in accumulated back property tax and an IRS lien.

I've recently began accumulating some substantial amount of cash and I'd like to get some pros and cons to paying off mortgages and using an equity line credit vs not paying off the mortgage, paying interest on the cash at all times.  

You don't accumulate millions of dollars with some smarts.