You want to bank reserves there to see the future cap ex because if you don't, you get another property and then two furnaces go out in the winter at each and you need 20k and now they both cashflow nothing.Your asset will appreciate and you can value add to rent add by making smart decisions on upgrading tenants.

Conduct thorough research on market trends, property values, and future development plans in the area.Networking with other real estate investors and professionals can provide valuable insights and opportunities.

However, after reading your post, I think I need to think through this process a bit further for the future. 

Only if you want someone to handle the transactional side, schedule inspections, coordinate with title, and do analysis for a future sale or rental potential.

I would wait a while to get them at a discount but with condos, it always feels like a gamble because of future assessments, fee increases and difficulty getting a tenant approved in a timely manner.

**Clear Agreement**: Draft a detailed agreement with the seller that outlines all terms, including responsibility for future payments and maintenance.

For appreciation markets, look at the economy growth and current/future projects going on.

For those of you trying to “Time the Market” or trying to figure out the “Perfect Time to Buy”, either because you believe home prices will drop or because interest rates will drop (which they will in the very near future), I have a scenario for you.Consider these two scenarios, in both cases you have the EXACT SAME Principal & Interest Payment1.

And my question is how many times does this go on in the future?

It’s hard to really look that far into the future financially with something like that but my gut is telling me based on the other plans that we likely won’t need those funds.