@Laura Moreno Brownsville has a long time horizon.

@Anthony Angotti On a longer term horizon, I'm setting aside 60% of income for CapEx/Repairs ($500) to get the building up to MY standards.

- what's your investing horizon?

I have some funds planted in an S&P 500 fund but with my horizon being early 2020 I am getting a little weary about losing principle especially with so much fluctuation in the market. 

You make it up in 3 ways 1) The government is loaning money at very low interest rates 2) The property appreciates in value because rents go up 3) The mortgage gets paid down while you own it (if your loan is not interest only)All of this works very well in today's environment but just be careful you're not holding one of these properties when interest rates are 10%, rents and occupancy are dropping and your note is called.But if your investment horizon in the PPM is 3-5 years what could go wrong?

There are numerous gamechangers on the horizon.

Except you need to expand his time horizons b/w deals.  

The Orlando market is the same - I started looking around 3 years ago and saw prices in certain areas (Horizon West if anyone is curious) rise 20-35% in that short time.

It's a psychological jump to see your life as limited and horizons as shorter term.

Predicting a 2x or 3x appreciation with a 10-15 year horizon seems like a bet I'd like to be on the other side of at the current moment.Buying a condo versus renting one seems like a solid plan, but in my opinion some of the critical assumptions are off.