Being able to help someone who was going to walk away with nothing, and there was also lower cap ex.

Reason why I said time for reset and try again is because I am going thru divorce and the condo will go to my ex.  

If you are focused on getting multiple assets at once, consider this:1. you really don't have enough available capital to do this safely right now and you will buy cash flow properties with cap ex which you will need reserves for2. you need $15-20k in reserves for each property you buy so factor that in3. when you try to buy multiple properties to start, you end up missing the mark on your first one because you are collecting and not curating your portfolio

I agree with everyone on house hacking as a much smarter first purchase because you will get landlord experience and learn to understand cap ex.

Purchased two rentals this year both with long term tenants. Immediately started making minor improvements, due to hurricane season decided to remove one tree and trim a huge oak tree at the other location. From a sen...

I will also change all 4 BR windows (common windows have already been changed) and a wall heater (not operational) but consider these cap ex and not included in the $5k.  

So your cash flow is decent, but after you’ve had a few turnovers after 10 years and have had some cap ex expenses, you’ve broken even or gained very little since the home hasn’t gone up in value much.

My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.

Yes new builds are turnkey and better for maintenance/cap ex costs but it's more expensive and moving parts to building.

I am not necessarily scared of the age, but more so weary of the cap ex age and building materials.