In reality, your equity build will only be about $5k/yr as your payments will mostly be interest.

To my hard money lenders or investors that understand the process better than I do, why do lenders account for the "as-is appraisal" when, in all reality, the ARV is what is going to be influencing the borrower's ability to satisfy the loan?  

But here's a reality:  the taxes will NOT remain flat. 

Does your current policy have an exception for sink holes?

Ask your neighbor about the timing of the leak(s) and perhaps get her to keep a log until the plumber gets up in there to have a better look.It's also possible that your tenant is letting a sink or shower overflow onto the flooring, so be sure to check your grouting/caulking in the bathroom.  

The problem I see most often is investors get over-leveraged because the want to own as many cash-flowing properties as possible...in reality, 5-6 good properties owned free and clear is retirement...this is a long term game. 

The reality is no one knows.

Kitchen appliances I'm finding online seem to be ~$4,000 to $8,000 (for bundle including fridge, dishwasher, stove-oven and microwave)Washer/Dryer combo looking to be ~ $1,200 - $4,000 (for both dryer/washer combo)Sinks ~ $200 - $400 So far I've only looked on Costco and Home Depot and figured I should ask the BP community before looking further.

The reality is that your choice of brokerages needs to align with your goals.

The reality is no one or company is going to take care or look after your investments better than you will .