How do you know if you are ready to buy a building?

[Melissa N.]

I joined BP at the beginning of the year. I've been learning a ton since, I listen to about 3 podcasts per day, I've read about 6 books, read all the blogs, attend the webinars, I'm starting a meet up, I've ran countless analysis', and now I'm studying markets ( since my preferred market of Charlotte doesn't seem to offer the cash flow I'll need for my goals).

Long story short, there are obviously varying opinions on where to start - SFH, 2-4 units, or go to commercial over 5 units. I do have 1 SFR in Charlotte and some experience from family but curious - how do I know if I'm ready to "jump all in" and go to hopefully 20 units by the end of the year. I'd love to hear from those experienced in small apartment buildings!