Buyer's agency agreements were already required here before, our regulatory agency just went from strongly recommending them be signed right away but not really requiring them until writing a contract to 100% requiring them to be signed prior to showings.

Do not forget to prepare the balance sheet, track distributions etc.

Trying to balance proper due diligence against my desire to just acquire a bunch of mediocre units!  

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

I have seen many investors fail here because they only have 1 or 2 properties and when the downturns happen it kills them,  So you are going to need more money and more properties to balance out the ups and downs.Investing takes time, it doesn't happen overnight, and I think people fail to keep with it when it doesn't happen immediately.  

Have you thought about how you’ll balance those dynamics?

As a licensed contractor and real estate agent, I can review your estimates, ask the questions you might not know to ask, and help you make an informed decision that balances cost with quality.

Have a 27k mortgage balance, sale price est at 415k.

Aims for a balance between cash flow and potential appreciation. 

The 8 unit has required more time and energy because it had been poorly managed for years.