No additional equity, possibly losing money out the gate if there are surprises, and you will further tie up more of your cash - unless you are using a HML and planning to refinance out. 

Definitely in my sights.

@Jeremy Shinall Yes you can definitely lose your shirt if you do not know what you are doing.

They say "procrastination is the thief of time" and underlying it is usually fear of the unknown(i.e rejection by seller on low ball offers,losing money in a deal).Get educated and stick around successful investors who are actively demonstrating what is possible in rei

The locksmith said he liked them, but they could be broken into and if you lose the master key, there's nothing much you can do (he couldn't get in) except contact Kwikset.Also, since I have been in business such a short while, I am not really sure how often to project turnover (although for MX costs I assume once a year).  

Its nice to use depreciation, but you don't want to look like you are losing money. 

In the five years that you'd have to wait for option 2, you would lose out on principal pay down for sure, rental income and possibly appreciation if your market appreciates.Good luck!

They were easier to clean and less stressful about losing my deposit to carpet.

While this one would be losing the money from your other homes would be increasing so in actuality you would be able to HIGHLY leverage you bad investment for good.

Our clients are often surprised at the amount of tax they will have to pay even when they sell via a short-sale or lose the property through a foreclosure.