If the deals dried up, or if the cash flow got severally pinched or if I couldn't pull together a great team to work the business then I'd consider looking in other markets. 

If they are in a pinch, they are using what would be considered 30 day pricing.

Beyond the easily visible and predictable flooring/repainting/cleaning/landscaping costs, figure that you will have more than one discovery of other important issues - the water heater needs to be replaced, the garbage disposal seizes up, the rain gutters are broken, some internal wiring is messed up and a light doesn't work, a bathroom fan starts making lots of noise after its run for a few minutes, a water main breaks..Make sure you have a cash cushion - or line of credit (credit card in a pinch) which you can use to address unexpected costs, some of which can be pricey.  

I'm currently under contract with 2 duplexes so I would definitely be in a pinch to purchase the 14 unit if I could even be approved for the loan.

Hi, my name is Marie Fries and I’m from Whitman, Mass (home of the Toll House Cookie aka: chocolate chip cookie) and been a BP member since April 2018.

I've definitely used HELOC's for down payments in a pinch but it's usually with the intent of paying them off again quickly.

Who cares if you are pinching pennies and saving every dime if you ain't got much money to save from.

Check that you are not pinching electrical lines. 

Additionally you wont see a lot of advantages to negotiating with condo sellers if you have cash since they typically arent in a pinch to sell and the unit doesnt have the risk of failing FHA appraisal. 

Enjoy it now and plan for later when the bill comes due.Joe this is why for these reasons you delineated I have sold all my rentals at the top.. so I did not have to cut big checks to recapture.. can you imagine someone gets in a pinch has all this recapture and the market is way down..