There are lots of BP folks that would encourage you to invest even while having debt (car loans, cc, student loans, etc.) if you can get a higher return than you are currently paying in interest on your debt.

Thanks again for the information and words of encouragement. 

Investors are what makes the economy num along…  why do you think the 1031 exchange process encourages property owners to reinvest?   

It's very encouraging that such a community exists! 

At only 3 months in I'd encourage you to read more books, but I'm like ultra conservative about this stuff since I feel like failure isn't an option for me.

I'd encourage you to look in an area that has properties with breakeven to slightly positive cash-flows, but strong appreciation because of the quality of the neighborhood. 

If you're self managing, I'd encourage you to look at just purchasing the coin operated units yourself...  

If you have the money to do a bigger deal on your own (50+ units) and not enough experience for the to buy and manage, guaranteed you will crash and burn and your equity will evaporate.

We tried dabbling in Class C and lower properties before, and while the numbers initially look great on paper, all those returns evaporate VERY quickly and you're left holding the bag, so to speak.

I'm now with a brokerage that not only doesn't care that I wholesale, but also encourages it by putting my name out there.