Capex is important, make sure you can weather any storms and have the funds when things go wrong.

The only benefit from mine now is protecting the smart lock on the main door from the weather.

I would only add that one needs to be resistant to those who make over-simplifying statements (e.g., "buying a home is one of the worst financial decisions you can make" or increasingly I'm hearing "college isn't worth the cost").The oversimplified answers to nuanced/complex questions is a dangerous path and not for the savvy. 

Going for good markets is now more key than ever, you'll get substantially higher cash flow + appreciation if you weather the first couple or so years.

I’d be cautious of doing this deal if you aren’t well capitalized to weather unexpected expenses, vacancy, and low to no cash flow for a couple of years. - Dave 

so if one can weather the storm, it may turn out good.  

I have found that the path of least resistance is finding partners/mentors/friends who are ahead of you and hanging out with them. 

I have been working on this for over 2 years and have met much resistance orignally from the County.

The days on market should start to come down as the weather warms up.

The pros of the IC market are: Strong appreciation, decent demand, and a recession resistant environment.