Also, always remember attorneys don't know everything as they like to project.

@Marvin Herman Thanks for all the details, when I said regulation risk, I mainly refer to the STR law (many metros banned the STR now or near future), do you think Branson have this level of risk?

Model the portfolio over time with projections for appreciation, rent increases etc., don't assume that paying off mortgages is the best way to generate cash flow.

Ventured outside of my niche and hopeful of the future opportunities.

I am going to target new builds in the future because the seller has less of an emotional tie to the property.

what are the numbers on the townhouse - projected rent and all expenses? 

Perhaps that may be something to consider in the near future.

Thank you so much for taking the time to read and respond to this post, and I look forward to networking with you all in the future.

That's the future according to articles.

Building wealth through real estate is not a get rich quick scheme, and you should look to project 3-5 years out to really see some great gains.