You should be surrounding yourself with the best and most experienced people you can in this business.

I'm still in the education phase of my plan/journey learning everything I can in every way I can and I learned having/building a team is very important and can help you go very far but in the beginning it's hard to build a team with no money or experience.

I’ve got cash for a down payment but without being able to get that money back out like you can in a brrrr it would be a very long time before I can buy my second property.

It seems that rent control can in some cases prevent investment in rehabbing/improving properties in good times (because folks can't come in, create vacancy in occupied units, and remodel whole structures), and might contribute to an increase in vacancy in downturns, which is something I had never considered as a possibility until today.All in all, this property is a massive, massive winner for this fellow, accounting for nearly 50% of his net worth. 

I have loved all that BiggerPockets has to offer and have been trying to soak up all I can. In

Build out the biggest storage areas you can in the space.

Also if you can email them all or as many of the documents as you can in one email.

For example, the 4 bedroom student condos can in some cases bring 450-500 a room, but it's not a guarantee to get all four rooms rented.

Recently mortgage interest rates are usually quite low to where it is very easy to make a profit by using leverage to finance your property as your money can be invested elsewhere (ie. solid dividend stock) that will yield more annual profits.Conversely, if mortgage rates ever go back to being higher to where other investments returns would not cover those rates, then you would not want to be leveraging and pay as much as you can in cash. 

The one disadvantage is that if you are renting by the room you really can't count that as income to help you qualify in the same way that you can in a 2-4 unit with rents.