Making money is a team sport. 

We keep "kiddie" as we say backhome which is a pot of money set aside for rainy day fund in case we need to replace appliances, perform repairs or other capital improvements. 

If a seller listed a home for $100,000 but was willng to sell for $94,000 as that was likely the FMV, it would be the same to him if he accepted $100,000 with a 6% seller credit or $94,000.I looked at the zip codes of lower priced homes in Memphis, Cleveland and Indianapolis and they appeared to perform betterMemphis38105 - Prices were $35,700 in 2016 and now $116,000(220%)38106 - Prices were $21,600 in 2016 and now $60,900(180%)Cleveland44108 - Prices were $34,000 in 2016 and now $59,800(74%)44104 - Prices were $36,300 in 2016 and now $60,400(66%)Indianapolis46201 - Prices were $42,900 in 2016 and now $149,000(247%)46222 - Prices were $39,000 in 2016 and now $127,000(225%)I should mention that I don't invest in Memphis, Cleveland or Indianapolis.

I can probably point to a 2-4 unit that performed better than a single family, and I can point to a my own single families that performed better than my duplex.  

Again, these are normally in the lower tier  neighborhoods that rarely perform on resale as their appraisal may suggest.

Study other investors winning strategy the same you would study a sports teams winnings.

Number makes sense on paper but let's see how we perform at the beginning of next year. 

If the city ever wants to add sidewalks or run utilities underground, those homeowners will be out of luck.PS: I have never seen a juridisction pay to remove items in an easement or compensated owners for performing work in an easement.

AND have provided the 150 hrs of material participation and not have had any other person perform longer work hours than you.

While your properties hold significant equity, adding debt from HELOCs or a DSCR loan could strain your finances if STR performance fluctuates or costs rise.