Not that he is cold hearted but at this point in his life these little properties are just business to him.

So I have units with more dishes then tenants.When my handyman is up on the roofs I tell him to always check for items that need water seal but mostly he does not (not the best handyman that we have ever had).I suspect the dishes significantly shorten the life of the roof and therefore result in increased cap ex.

Life is filled with this sort of ignorance and negativity.

You have to do your interior renovations as tenants move, or leases expire and you give the tenant notice your not going to renew their lease.In really bad properties, you may need to kick out a building at time, which can be done with notice as long as your doing it for health and safety reasons, or the entire property. 

Cashflow, Loan paydown, and Appreciation) throughout the life of the investmentWhich is better?

It's funny, I've grown up in REI all my life, and in a way that lead to me not appreciating the value of it as a business; but after 5 years of startup/corporate life my eyes finally opened to how powerful it is, thanks to my friend, @Ryan Mapes. 

Obama wrote The Audacity of Hope, you have just written The Audacity of Ignorance.Best of luck in life.

My plan is flexible and is open for modifications as I progress with my life.

Underwrite off historical and not the last 5 years for rent and expense growth as the last 5-8 years are a bit flawed and are unlikely to hold through the life of your project.

For those that say why do all this, isn't life about enjoyment?