I, unfortunately, had analysis paralysis for almost 2 yrs before I finally bought my first property with the cash I saved from my day job.

I understand the principle but in almost every case, the property was bought for $X, was immidiately worth $X + 15%, then a mere 6 months later there majically appeared an incremental 20% property value increase.

We bought our first property 5 years ago this month.

Its a 3/2 that I bought for 110K.

We've bought a few deals this way.

Just bought first property, going to list on VRBO.

We have been eating with paper plates and cups since September 1st, and since we can't store anything in the kitchen, our dining room has become a storage area with plastic shelves, boxes and a china cabinet that acts as a pantry. 

Say I had done all my due diligence and bought a MF property in a neighborhood.

Whatever style and bed bath count is the most popular in your area, within commute distance of central area, having a good grocery store nearby helps your value.

I have equity, but according to my mortgage broker, because of the remaining mortgage balance, I can only qualify for a 150K or 200K property.When I bought, I thought that the monthly rent would allow me to qualify for a bigger mortgage but apparently it doesn't work that way anymore.