, maintenance (beyond what the HOA covers), and property management (if you ever decide to no longer self manage) - you may be losing more money than it initially appears.HOWEVER, the Beverly area is on fire right now, it is completely possible that property values will continue to climb quickly, and you could exit your condo in ~5yrs and make a nice profit (keep in mind you'll have paid closing costs once as a buyer, and once as a seller at this point, which will really eat into the profits if, say, you bought at $250k and sold for $300k - not a straight $50k profit, plus you had negative cashflow over the years too).So...

But as a landlord it will definitely eat into your cash flow.

@John Allen the best advice I can give you is to eat and breath Real Estate.

Home owners will eat up buying a house they can put sweat equity into for a 20k to 30k return in future years.

I guess you would just have to wait and eat a month of carry cost before beginning rehab.

We tend to drive the same route to work every day, eat at the same restaurants, spend time with the same people.

I would not double close if you’re dead broke as that will eat into margins.

Its eating into my other rental income profits and slowing my ability to have cash available for purchases when a hot deal crosses my path. 

(Lunch is tough I've found, hard to have a conversation while eating and coffee is more informal for a 1st meeting). 

I had to eat over 20K in losses due to this fire.