I think more important than paying cash is keeping a healthy reserve for older properties like this.

Unless you only want one or two properties to have a little side income coming in, you need to have a healthy market for your units. 

When acquiring these old gems, or objective is to improve their energy efficiency by a minimum of 50% (40% on newer, post War houses) while updating the building to provide modern, healthy living spaces for our tenants.  

There are so many small MN towns that must offer healthy cash flow returns. 

The tax code is like a guidebook that tells you where the government thinks the money needs to go in order to produce a healthy economy.

It really kinda snowballs.You may find, however, that until your S-Corp (you will want to do one) has enough credit history and borrowing power to sidestep personal guarantees, you'll want to maintain a healthy credit profile.

They both have a welcome home in my rental property portfolio generating a healthy source of income and underlying appreciation.

First step is to get your daughter healthy and save all documentation.

I had the opportunity to sell and make a healthy profit. 

Swing and a miss....but it was worth a shot and we'll re-list it when current tenants move out, the market is very healthy right now and I'm confident we'll get our money back when we list again.  3)  I went in 50/50 with a guy and bought a 16 unit complex in Central Phoenix for $340,000.