So it would stand to reason that there is some opportunity to do something (some degree of improvements) to the older/existing MF properties out there. 

Our goal is to be financially free within 3 - 5 years, allowing us to work on this endeavor full time.I want to thank everyone who has contributed to the site as it has been an amazing help and I look forward to staying engaged on the forums to pay that back as best I can starting with this way too past due introduction.My wife and I are focusing on buy and hold rentals and flips in the Chicagoland / Central Illinois areas. 

Sacramento is a highly competitive seller's market, and every little thing you can do to make your offer seem stronger will help it stand out.

.I stand corrected. 

Without positive cash flow it will only become a greater financial drain on your life.

@Valerie Copeland there is a lot more to this, but the BP rules (2%, 50%, etc.) are completely pointless and are causing folks using these calculators to produce false financial pictures of properties.

@Ken Wang So let's say you own 101 Main St, 202 Main St and 303 Main St rentals in your name.

Just getting into the cash flow/financially independent life idea myself.

There are a lot of costs that go along with owning a house, and if you forget to take something into consideration when running the numbers you can be in financial trouble quick. 

This is "possible", but generally not financially beneficial.At the time of distribution, the property will need to be appraised.