However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves. 

I’d love to hear more about your goals and where you see yourself starting in the investment space.Looking forward to connecting and sharing insights as you grow your expertise—don’t hesitate to reach out if you ever want to chat or bounce ideas around!

I want to work with great people, build long-lasting relationships, and help them grow their wealth while doing what I love.Here’s where I could use your insights:Raising Capital: What’s the best approach for attracting investors who are interested in partnering on real estate development and redevelopment deals?

My son (age 24) however, is an independant contractor / self employed and is trying to buy a house. 

I work in the medical field and know that Jax has several major hospital systems along with a growing economy.

I'm an independent agent here in AR and I write a lot of rental property, with ~6 preferred markets and if the properties have some issues, age, claim history etc.

We want to grow our real estate business to be able to quit our jobs.

If the age of your equipment is older, or it stops functioning, those repairs can also add up.

My goal is to grow this business by expanding my investor network and seeking properties that will allow for additional scalability.

Eg find contractors in ages out of state.