My next move is to do a home equity line of credit (or loan) and pay off my rehab debt I accrued, and use it on a DP for prop #3.

As a man who earned a BA in Fine Arts, an AA in Commercial Art/Computer Graphics and an MBA in Business Marketing, I can say that curiosity is a beneficial trait and each new adventure has slowed an otherwise bountiful career.  

So, instead of 10 properties five years from now, I could potentially have 11 properties five years from now (accounting for present value of the $18K accrued over five years and the average cost of my properties).I'm perfectly happy reducing my property count 10% every 5 years if it means that the properties I do own are passive Investments vs active businesses.  

Out of curiosity what neighborhood is this in?

Most people are purchasing property at nearly 50% debt-to-income, living above their means, using property as a trophy and not an investment, and the appreciation they do accrue is wiped clean in selling fees and interest to the bank.

Just out of curiosity, how many hours of sleep do you get a night?

Our main goal this year is to pay down the debt that that we have accrued building the portfolio to where it is.

Out of curiosity, how often did you inspect the unit during the last 5 years?

Here,mother’s could be code violations with fines accruing every day that are not recorded as lien yet, but will still attach to the property.  

Out of curiosity, what have you seen as far as rent trends in the past decade in Pleasanton?