The book is also very interesting and will give you another look at the credit reporting ecosystem.

As far as financial issues, special assessment in the short term, and run a healthier margin with dues in the future, making sure the property management company plays a fiduciary role and isn't getting ripped off for maintenance and contracts like landscaping.

There may come a time when being a lone wolf is self-limiting; maybe when you own 50 to 100(or more) buildings, and banks don't like it when you're the only guy at the top of a very broad ecosystem, because if something happens to you, then the lending bank can have a big problem.

Maybe you'll exceed the goal this way, you'll almost certainly have a healthier portfolio than if you only look at 4 plexes until your next buy.

Find new TK operators who have healthier deals.

I know you said you have family in the Charlotte area, but the Raleigh-Durham area is less than 3 hours down the road, state capital (Raleigh) on NC, has 3 major universities to support the burgeoning population (Duke/UNC/NC State), home to the Research Triangle Park and an extensive tech startup ecosystem. 

I have access to the capital to make a series of acquisitions but want to make sure I have a very strong understanding of the market / ecosystem and have the right partners in place to execute.

My favorite mastermind ecosystem is Entrepreneurs Organization (EO).

The downside with these two areas is that in Garfield, the inventory for these multi-families are pretty low and Newark, although the inventory is a little healthier, the competition is much higher. 4) Tenant Screening - Once you find the right property and get through the renovation stage, if any, the screening process will be the last place that can eat your returns.

My mentor, Brad Sumrok, has created Sumrok University (my name, he calls it the eco-system) where a lot of Sponsors and Passives meet and flourish.