Telling me the BS reasons for running down and taking the battery out. 

@Peter Bui there are three reasons for pre-approval:1.

If you had 10 units that would be reasonable). 

Does that seem like a reasonable way to get started?

Outside of Northern Virginia, the prices are much more reasonable.

It’s the closing costs and escrow that I’m slowly becoming aware of as far as painful lol.Just another reason to eventually just buy all cash and NOT refinance.

I never ended up putting my Lyons 4 unit in an LLC because of this very reason.

@John Woodrich, good points for reason to keep the tenant around. 

Well there is a bad  time to invest, if one don't have the experience and  one could not borrow/obtain cash for reason or another, greed and overconfidence are bad to human, if someone would like to invest in daily basis without enough knowledge and cash will at the end of the day will destroy him financially.

Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience and didn't lose money.