We paid $46k for both and will cash flow $700 combined after net net net. 

I Am a long term buy and hold investor aiming to gernerate passive income build long term wealth all while getting some appreciation and allowing OPM (other people's money) to pay off my assets allowing for even greater cashflow.....This to me is a willing combination.

With modern technology, emails, scanning and telephone calls I have handled from a distance two repairs, and re-signing of the lease.You just might want to consider managing the property yourself if you possibly can.

Combine that with a higher purchase price and it becomes only a decent investment at best.I think @Jay Hinrichs is spot on with his post

Investors can sell rental or investment real property and then 1031 Exchange into an interest in an upREIT, which is also referred to as a 1031/721 Exchange or a 1031 Exchange followed by a 721 Contribution.UPREITs are generally structured as a two step process using a combination of a 1031 Exchange and then subsequently a 721 Contribution.

I learned more about the notes business in 3 days simply by taking his note buying for dummies class than all of the other education I paid for combined, and that was very inexpensive.

After knowing these two areas you can then broaden your financing knowledge into other techniques to combined assets, mix terms to fit a situation or circumstance, this is creative financing. 

Your post just sent me back down memory lane .. not sure how feasible this would be for a modern practicing attorney..

Personally, I am flipping to pay off my education, then will start with the BRRR technique and probably combine that with more flips for quicker cash.Listen to the podcast with @clayton morris.

If you add the rate of the mortgage insurance to the lower than average FHA interest rate, you wind up with a combined "effective" interest rate very similar to where conventional 20% down 2-4 unit owner occ rates are at.