That's 50k a year gone and you are losing tax write-offs and equity potential.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

Once I've completed these initial projects and built up some capital, my long-term goal is to transition into buy-and-hold investments in potentially more affordable markets to maximize cash flow and scale up.Right now, I'm particularly interested in investing locally here in the Seattle metro area.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.

But if you get a major expense you could then potentially have a decent amount of debt.

Apparently some pretty sketchy people from that building are hanging out in front of mine which is scaring potential tenants away when our property manager brings them around.

One potential mentor I had one phone call with and never contacted him again. 

Potential cash flow How did you find this deal and how did you negotiate it?

If the property has solid appreciation potential or you're building equity while learning the ropes, it could still be a good deal.

Back home I would make a packet for my appraiser and never had a bad appraisal due to the that I specified the value add and the Reno amount and broke it down so they saw the potential and it always worked.