This is how Wall Street brainwashes us to constantly throw money into a 401k instead of investing in income producing real assets.

Three potential income producing units now and four once you move out.

In three years it could pay for a new furnace.Landlords that charge market rate, or close to it, have money to maintain their property, which attracts better tenants that pay more and stay longer, which produces more money to maintain the property...and so on.You can't afford a vacancy?

Tenants will bring in family members who are temporarily/permanently homeless, single moms will bring in new boyfriends, daughters who produce children will have a tendency to drop their offspring off with grandma and grandpa to raise, etc.. 

My shingles are no longer produced thus my insurance company will need to do a complete replacement.

And one deal can produce as much cash as one rental over say 10 to 20 years.

HI Trevor we are not producing turn key properties in Toledo ohio .

Find out what's needed or wanted and produce it, very simple.

You might get lucky and dodge these issues, but I would expect these challenges investing in below C category marketsAll that being said, it’s still a solid producer financially.

If you are worried about being over leveraged first look at your personal debts that are not producing income for you.Remember that when you are increasing equity in a property you are only reducing the risk of the lender.