Everything from lack of patients to work style to damage to your reputation can happen in a short period of time and cost you far more in the long run than a few thousand dollars for an emergency repair.

Without significant cash for PD and reserve funds you will not likely be successful.To qualify as a investor you must have something to invest...cash or experience.Work hard, adopt a frugal life style and save to invest.

I absolutely love it and don't plan on a different life style in a long time.

Think turnkey but I never own the properties- I find good ones off market that are already cash flowing and sell them directly to rental property investors wholesaler style.

My day job is a home inspector so I see a lot of properties and know a lot of the issues that I will typically find in different homes based on their age, style, location, ect.

@Juan M Restrepo If renting out apartments is something you are considering doing long term it may be worth having a lease agreement written out by a local attorney boiler plate style so you can use it over and over again with the specifics of the new tenant info being the only things that change. 

They can have linear, slow-growth for a period of time followed by period of moderate cyclical-style appreciation.

You should move to a less expensive apartment, cut all unnecessary expenses to the bone and adopt a more frugal life style.

A large part of picking your market will depend on your investing goals and investing style.

This is more my style!