Some accounts you may want to add is a accumulated depreciation account to depreciation the life of your building (FYI land is not depreciated because said to have unlimited life). 

@Chandra Mcculloch I am more than willing to share the list of wholesalers I have accumulated.

Lots of fixtures that could leak and lots of places to accumulate water damage that tenants don't seem to notice or care about.

Alternatively, I'll cover rehab costs with credit cards and/or capital I accumulate from now till that time comes, and my lender(s) cover the acquisition costs, then repay them first at refi time, then the CC's and hope to not have to leave too much cash in the deal.

Yep, exactly like the majority banks who are underwater on their MBS portfolios when they were accumulating them at 3 handles for the past couple years. 

Cash flow keeps you live, appreciation builds wealth.If you invest in good neighborhoods in promising cities, in the long run you should expect decent appreciations, probably far more than the cash flow accumulated.

When you're feeling comfortable with your reserves, start paying yourself every month OR accumulate a down payment for your next property.

The yearly principal payment on the mortgage is approximately $1,200, which gets added on to the total equity accumulated.

However, unless high leverage is combined with high inflation, takes a long time to accumulate wealth.

Once you start accumulating passive activity losses from syndications and dealing with the headaches of managing multiple rental properties, you use the PALs to offset those capital gains and repreciation recapture.