1) Based on your demonstrated limited knowledge about the subject matter, such as what it takes to buy a house, manage one, and the economic fundamentals and attention to the market slow down.2) Based on your lack of down payment.3) Based on your lack of reserves since you likely don't have reserves if you don't have a down payment.4) Based on the upcoming recession, which will likely lead to your business slowing and it could lead to your wife getting laid off.5) Based on the slowing real estate market. 6) Based on your yet to be established business.

The HOA is low by DC standards at $225 per month (lowered in December 2017 due to high reserves balance) and the Unit comes with a dedicated parking space  included.

I re-reviewed the complaint and the list of summoned parties just to confirm the IRS was not named.

You will need more money not only to buy but also as a reserve fund.

When a big ticket appliance or mechanical system of the house breaks and you have no reserves because you have no profit you’ll be sick to your stomache . 

Low dollar rentals have to have higher CAPEX to build a reserve.

I would NOT recommend starting bigger to a someone just out of school who is going to have minimal to no reserves but someone with other business experience, used to managing projects and people and has the financial reserves if things don't go smoothly (especially at first!)

I, personally, would reserve $100/mo. for capex in your situation.

But I did think hey, maybe I can and should just pocket this money and leave it in my reserves.

Even 100% leveraged is not over leveraged if you have the reserve funds to back it up.