Some residual cash (prefer not to use any more of my own money or at least minimal), trying to scale up .

Failed in the sense that the gains were minimal and headaches maximal, but the experience gleaned sticks with me today.I want to throw out some basic stats and initial thoughts about my position, and would be curious as to any insight passed along by the BP REI vets.

I do see now that taking out a 30-year mortgage and structuring it your way to minimize some of the compounding interest is very beneficial. 

The lease features minimal landlord responsibility, two percent annual increases starting after the 5th year.

Keep doing your research and do your best to minimize your risk, but I wouldn't completely shut the area out. 

How do you guys minimize your downside and make sure that you're prepared for a market correction? 

(Focus: SFH or Multi-Fam Buy and Holds w/ minimal lipstick rehabs)  Also, I will be deploying capital into an OZ fund by end of year. 

To cash flow well in a depreciating or poorly appreciating area with many cap ex expenses may be a worse investment than a minimally cash flowing investment.

I like townhouses as the outside maintenance is minimal.

Ideally, I'd like to acquire as a rental, with the possibility of owner financing myself at a future date.The details are below:ARV: $270-280KRepairs: minimal cosmetic $2-3KLoan balance: app $219K at 3.8% interest,30 amortization, bought new in 2015.Down payment app. 10% down?