If you take out that capital and it makes less than the $500 per property then you are net negative overall to your household budget (which is how I look at things).Would selling the properties to unlock 100% of the equity make sense and then you could 1031 into something larger with more cash flow?

If cashflow is what you are after (based on your comments), you may be cash-flow negative for some time.

I really like nice suburban Class A properties but I don't want to be in a negative cash flow so that might not be the best financial purchase.

😥You know who cares about technical jargon and statistics lingo?

Just remember: most negative reviews are written by problematic tenants.

I like Story County, Iowa because it has good cashflow but also is not an area that has negative population growth like Cincinnati or Flint.

Know the business before leaping in...one mistake could negatively impact your business for the long-term.

Have used the Rental Property tool for many different multifamily homes and have been coming up with negative cash flows. 

Once my lender was able to get back with all the accurate numbers for total monthly payment, and with how much the rents for similar properties were going for, I calculated a negative cashflow of -$600/mo to -$800/mo depending on if I rented the house for $2600/mo to $2800/mo. 

Without jumping into details too much, I'd say that MOST MFRs in the Tampa Bay area are currently overpriced - the cap rates are lower than the interest rates which is a tell-tell sign of negative cash flow.