Condo's usually have high HOA dues which will eat into your cash flow.

I'm sure y'all already knew that!

If you have large debt with a high interest rate, I would consider paying that off before getting started investing in real estate. 

Is this expected since interest rates are high and listing prices are subsequently dropping? 

Quote from @Julia Lyrberg: Hi Robert,Instead of investing in expensive coaching programs, I’d highly recommend diving into some well-regarded real estate investment books.

Since the contributions have to come from the business income (PM biz) it’s not likely you’ll come close to taking advantage of the high contribution limits of a Solo 401k.

The key difference, though, was he spent months carefully getting to know the local architecs, reputable builders, and even a couple of niche design firms that specialize in modern builds for mid- to high-end buyers.

Whie DOS lender risk may or may not be high, being ininsured is... well, enjoy your 'asset protection'.

And you get feedback at a level high enough to determine how to proceed. 

Anyone that is looking at your assets is always going to need to factor in property management, so you can show that as a real expense (and really make it as high or low as you want).I work in a vertically integrated real estate and development company, and I cannot imagine how things would run if we did not have an internal property management company that essentially works for the other companies but also stands on its own.