Soon after purchasing the home, I found the ceilings were made of horse hair plaster.

I always get out of the rat race first!

Scares all the horses and dogs, but hey, it's ony a few times a year....

Is the property under a high tension power line or down wind from the horse rendering factory or on a main thoroughfare or some other obstruction that you wouldn't want to live near?

I would recommend considering conventional financing until you reach Fannie Mae's limit of 10 properties, then consider either a portfolio loan, and start your race to 10 again, or look at DSCR at that time. 

We are all running our own race!

If you use it as several down payments and use leverage you could be off to the races with many more Class B or C units that will still cash flow for you.

Just to beat a dead horse, we could see a recession in the future where you and/or your spouse lose your jobs.

Was it easier to dig the foundation with shovel, horse and scraper or with a track hoe?

Eleven years and 28 properties later I'm finished with the rat race; I'm 50.