You could also take out equity if you want to keep the condo and use that for another investment, but I’d be careful about over-leveraging.

As a PM, his team would be familiar with areas and could help underwrite the property and take care of the day to day headaches. 

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

The 15-20 year run people had is gone, so be VERY careful with listening to some of these "real estate gurus." 7.

Care to share the details?

I’ve taken care of all my debt and am pre-approved for roughly $220,000.

You need 6" clear from ground to bottom plate, and ground must slope away from house...5) Any place that water can enter the house (doors and windows, skylights, where roof meets eaves, etc...) should be checked thoroughly, if it's not raining on inspection day, you have to be really careful with this...any suspect areas, put a hose on them....

We care about our investors' success, but it's ultimately up to each investor to take action to accomplish their goals however they do it!

This is the list to not invest in without extreme careful attention to detail.Don't go where the masses are going.

So be careful