If you think about it, not only leverage, but through forced appreciation, most of the value is created in the first couple of years.  

My only concern short term is that I am insulated enough with equity, cash reserves, and cash flow that I can weather any short term storms without being forced to sell ... other than that, it is in the noise so far as I'm concerned.As for commercial property, yes asset values are tied to NOI, so you have the opportunity to more directly force appreciation by raising rents and/or reducing expenses.

I know if I find the right property, forcing equity out of a rehab would be easy, but I'm still in the rat race looking to get through a large tax bill from last year (long story).   

I'm being forced to sell my home for $30k under value to the tenant.

If a tenant agrees to do it and then stops a landlord can not force them to continue doing the maintenance regardless of what is in the lease.Personally if I was not going to do it my self I would hire a contractor or better  hire a local kid to do the work.

@Brian TranI met people who have done less deals than I do and I'm very happy to share my experiences and contacts with them - if they're serious.Going to your local REI forces you out of your comfort zone, which also makes you take action (if you have not)And you may meet a future partner or mentor you can learn from as well. 

I have a three unit buy and hold property in Malden Massachusetts that has a separate gas fuel forced hot water boiler for each unit.

My entire life “savings” of $12K that I slowly built while I increased credit card balances almost equally (forced savings?

For my tenants I require tenant liability, but I never bet on it being in-force at the time of claim.  

And, if you force them into another marketing season like winter, or loss on a sale, you had better watch your tail if you misrepresented yourself.Putting a property under a (bogus) contract in hopes of finding a buyer is a very bad idea!