., etc.The other side of the coin is he also missed the .com bubble burst in the late 80's.I tend to feel the same way...if you're going to invest, then invest in something you know.  

Could I be missing something, or is this typical for the market right now?

If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?

I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing? 

Or my power equipments or tools, or any of my belongings missing? 

If not, am I missing a source of profit?

Good for him to enter then, but to give that advice is completely missing the forest for the trees. ****, I married during the GR and divorced a bit post it.

Quote from @Damian LaGrange: Am I missing something??  

It can be hit or miss.

Am I missing something?