I generally agree with this for people that want to continue growing their capital, and in many ways it is actually helping reduce your risk, since you will go from 2 to 8 units so a single vacancy doesn't effect the portfolio as much.The only caution I can add is make sure when calculating your cash flow, both on the existing properties taking into account your new debt service, and the new properties, that you truly are keeping enough in reserves.

Orchestrated the deal, from start to finish.

Orchestrated the deal, from start to finish.

I go old school, I network and talk to people, simple but effective.

Even when you're investing locally it can happen and the effect is magnified many times when investing out-of-area.

Your IRA is effectively pulling cash/equity from property A and using that to finance property B.  

Will that effect the type of loan i may get?

I own a large complex in Georgian Acres and my avg "effective" rents are $1240 and that's with 2 different studios in the floor plan mix.

I would greatly appreciate any and all referrals of like-minded professionals that have respectable, reliable and effective return time on results.

They were awesome and really came thru in a timely, cost-effective manner when I needed to lay cement without breaking the budget.