If you are holding long term for retirement then rent growth and appreciation in stronger markets over time could outpace cash flow.As net worth grows more investors tend to focus on appreciation and equity growth with tax benefits/  

The Olympia market is really fun and still has room to grow (with respect to other larger Puget Sound communities).

There is a great opportunity to grow in the near-future but i am eager to get this first property up and running.

Even those succeeding in that space at scale have to constantly push and/or pivot with growing competition, average home prices and state-specific laws surrounding brokering!

That’s a prime way to grow into multi families.  

if looking for appreciation(terrible strategy) look further north, in florida, there are plenty of smaller communities that are predicted to grow with our aging population.

Generally mold/mildew/fungus will only grow in a wet location without light and poor air circulation.

Louis in a very popular area.

What will it cost for cap ex, management (when you grow and want this), regular maintenance, taxes and insurance (if not in mortgage) vacancy allowance, eviction costs, turn around costs to make the units rerentable. 

I've read that one exception that allows someone to keep their VA Loan active and purchase another house is if you have a growing family.