I've had a few times in the past few years where I stretched too thin and was really sweating it out wondering if I was going to run out of money when the next property tax cycle came around or the next $10k vacancy/rehab happened.Most surprising thing I've discovered about real estate investing (generally, not CLE specific) is how much it helps lower your adjusted gross income for tax purposes. 

Fedro stretches it out to more like 10.

You sound like you've figured that out now.Let the dudes that post about acquiring their first 300 doors in 30 days with their private parts stretched out on Murphy's chopping block do their thing.

Just don’t stretch your self too thin when dealing with multiple locations back to back.

-Do you have excess cash for closing costs or will you be stretching yourself too thin if you put more money down?

And no repairs is a stretch...you'll have repair costs, so a set aside is a good idea.

SF is not going down, tech is not dead by any stretch of the imagination, and the BS social policies will reverse themselves.

Better to have a higher cost burden on the GP for the first, small deal than to pick a large deal which stretches the GPs skills beyond what they are capable of.If a person is really committed to running a business which will involve many syndicates over time, the fact that there are some front loaded expenses on the first one becomes less of a concern to the GP.

When you look on Google Earth Milwaukee stretches over a 5 county area as one seamless metropolitan.

My thought is, if the property cash-flows with a mortgage, I would rather stretch my cash to multiple properties than to have one property super cash-flowing.