Objectively, it doesn’t seem like waiting for rates to come down would make a huge impact in the current economy.

@Trevor CrabtreeIf you're thinking about adding a rental property to your real estate portfolio, it's important to first think about your investment objectives, risk tolerance, and timeline.

Embrace each failure as a testament to your progress and transformation, turning every challenge into a stepping stone towards achieving your ultimate objectives.

I assumed that we would end up basically owing nothing since depreciation, repairs and non-principle portion of our mortgage payment on the house greatly outstripped the amount paid toward principle.The tax preparer said we had to pay taxes on essentially the entire rental payment since our income was basically at 150k.

These are units I've bought as principle, not as some deal syndicator. 

No system is perfect, so don't waste your time chasing after the next shiny object.

My main objective is to invest and quickly be able to profit $10K-$20K and then keep rolling money into more RE?

I am trying to work out any of the objections as to why I should not do this!

But that's not my main objective.

Assessing financial objectives, property costs, rental earnings, tenant interactions, and market patterns is key to making well-informed choices.Good luck!