. $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

The population continues to rise, increasing the demand for housing.

Keep in mind that they can increase that period if they get complains from the community, so make sure you're in good relationship with your neighbors.

I suspect that is unlikely with the increased need for housing.  

If dipping into your emergency fund makes you uneasy, you might consider waiting a bit longer to build it up or look for ways to increase your cash flow on the current property.

@Jordan Meltzer unless you find a screaming deal - a Class A property won't cashflow for 3-5 years.Class B: 1-3 years.Class C: most investors don't properly understand the risks, so should stay away from them.So, you may need to deal with negative cashflow, but plan on appreciation increasing your wealth.

Rent rates have increased so quickly over the last few years.

They don't mention anything about paying payroll taxes, workers comp, complying with laws, etcReal estate agents can have a team around them where they do have employees if they have admin/support or marketing team.Regardless, if you want to interchange small business for commissioned sales people in my post you can.My post was mentioning that service providers in the real estate space are incentivized by their advertisements as it will increase their annual income.

Buying more properties, if buying correctly, simply does NOT increase your DTI or at least in my example above much at all.