If you're buying good investment properties and managing them well, a six month "oh siht" fund shouldn't be hard, and isn't a bad idea even if it weren't a lender requirement.And ya the payment on your fake six months would impact your DTI.Let me ask you: Do you always have 3 months advance notice for when a great deal is going to fall in your lap that you've got to move on right damn now?

I've heard several things, the oil crunch is going to impact the Texas housing market mostly.

Though it does take impact better than wood flooring does.

Would you say that the size of the unit has an impact on the need for newer/efficient appliances?

All very neutral.Professional photos would probably kick up the impact even more if they're for MLS

Here are the numbers: Purchase: 180,000 NOI: $19,895.00Monthly Inc: $2,750.00Monthly Exp: $1878.74Cash flow: $871.26Although the numbers look great, there are lots of things to consider with potential upgrades that could impact the numbers either way.

You should find out what the consequences are when ownership is transferred in regards to how that impacts an existing Lease (if there is one).  

Most people will discuss the following benefits of multifamily (1) economies of scale (2) for 5 units and above, you can impact the value of the property by increasing the NOI (3) efficiency...all units in one location (4) some regional multifamily vendors/contractors for things like painting and flooring are very affordable, quick, have systems in place and will be around for the long haul.For me, I moved to MF because I had too...not enough time to source SFR.One of the biggest challenges you will hear about MF is finding good property management if you have to outsource.  

If I were looking to make a huge impact for not a lot of money to get a place fixed up for sale, then absolutely YES, laminate is great! 

Another point that has not been mentioned is the impact that death, disability, divorce and disagreement can have if you own a property in your individual name versus a LLC.