Any insight is appreciated!

Can you give me some insight to the area?

@Matt Hoyt Experts can weigh in here, but I believe according to Fannie Mae guideline, one is not eligible for cash out refinance if he or she has more than four financed properties (unless refinancing is done within 6 months of purchase date).

I recommend listening to noteMBA or take a guru course with Scott Carson, Eddie speed or others who are experts at notes 

Even though it sounds like you're pretty savvy, you can still learn a ton from the real estate experts on the site.  

Wanting to learn and gain insight from experienced members that are local and of course bring possible business to them. 

From my perspective ( I am no expert) prices have risen substantially over the past 7 years (as everywhere) and it is difficult to find properties that meet good cash flow criteria at the moment. 

I hire full-service property managers who do everything from maintenance to leasing.Thankful for any insight you can provide.Kevin

I'm not an expert but do have firsthand knowledge about asset protection, insurance agents, contractors, etc.

Here are the costs to address the issues uncovered by these experts: 1.Wood floor and wall in the middle unit: $44,000 + tax + $2,800 for permit, but engineer report is needed for a formal quote.2.Roof above the middle unit: $8,000 + tax + $800 for permit + ply wood;3.Sewer line outside the building (see estimate): $7,365 total;4.Sewer line inside the building (see estimate): $21,663 total;The total cost plus 10% contingency is equal to $100,000 in repairs that I cannot afford to pay and still be able to fulfill my obligations to you and to the tenants that will have to be displaced for the duration of repairs.In addition, the appraisal came in at $275,000 that is considerably below the $340,000 number.Proposed solution: You will complete all the electrical repairs and ensure all three units are brought up to current code including the outlets.You will have the stucco repaired on the exterior that was damaged by the electrical proof.