You don't want to be tripped up on this and ruin a great opportunity.I know this was a lot of information but feel free to ask additional questions if needed. 

I watch those markets in addition to the ones in Richmond because there are not many MFR near me.

I'll use this to pay for appraisals and inspections, and some other misc. costs as they come up.Then I have an additional $50k in a brokerage account.

Stefon, If there is a mortgage on the property,  then the lender is an additional loss payee.

Just take the rent and multiply by 50% and use that as a rough total for expenses in addition to any debt service.The numbers you have above yield total expenses of $33,575 (59% of rents so the rule of thumb isn't needed).  

If the triplex has equity, tap that to purchase addition cash positive earning property.If the Triplex isn't cash flow positive, then that would be the time to think about a 1031 exchange into something that is cash flow positive.Everyone has to think about their personal goals when investing, short term and long term.

Additionally, @Parker Cox, Kevin Fox, and I are working on setting up another meetup soon, which we will post about on BiggerPockets when we have the details ironed out. 

You can also contribute to an IRA in addition to your 403b and those funds can be self-directed immediately.

If they weren't exclusive leads, you may have been sending mailers to people who'd received the same mailers over and over.

Up date one side by adding additional bed and bath (the other has already had this done and is in excellent condition)ARV: 475-500KMonthly income: $3200Monthly expenses: $2283 (mortgage, fixed and variable expenses, future assumptions) see below-monthly P & I: $1622- fixed expenses: $340/month (water/sewer, insurance, property taxes)- variable expenses: 2% vacancy ($64/month) , 5% repairs & maintenance ($160/month),  cap exp 3% (96$/month): No property management since we do this ourselves for our rentals.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.