My fear is getting in a situation where rates fly up and the banks refi at high rates killing Cashflow...vs leveling up and getting on with the growth.

I guess the answer to the question is what is your skill level in carrying out home repairs and what is your availability and willingness to do it?

Hey, y'all...came across this blog from Mark Fleming about the housing market and figured I'd share. Always enjoy stuff like this. Would love to hear/read yall's thoughts

Scope of work includes:• Excavation of dirt crawl space in basement (roughly 350 sqft)• Foundation reinforce• New/level flooring• Rough in Framing/drywallWould anyone be willing to share names of general contractors in the area?

The LLC structure is just one level to this tier.

I'd level set with them over a phone call or in person, not texting where there is no tone or inflection, that the issues they've brought up you've addressed immediately and lined up the people needed to fix and you want to have a good remainder of tenancy with them

Google pays their entry-level developers ~$150,000...

I'd try and stick with by the room as long as you can handle managing it otherwise you'll drive that cash flow down even further if you've moved out.I think 10% for Repairs and CapEx on a home that's 130 years old is definitely on the low side for my comfort level.

If you are referring to foreclosure auctions, that´s a different level of risk and you need to verify that it is a first position mortgage (they usually are) and set aside contingencies for other liens you might find (referenced by @Chad Urbshott). 

And I had a title claim in Indy with a small company that missed a city code enforcement that required the house to be leveled LOL. they paid that one out.. be grudgingly though.I agree with your assessment..