Plus don’t forget closing costs on each not to mention most properties need at least a little work and additional cap ex to turn into performing assets.

@Nadir M.Two additional thoughts:1) A central boiler is a cost trap for owners.

In addition you'll have to make the monthly interest only payments.

There is additional reserve requirements when buying more than 1 unit, so get up to speed on those so you are prepared to have those in place at the time of closing your loan. 

These are professionals with additional training and a stricter code of ethics.

I have my own construction company in addition to my real estate business so my situation is different than most as I have the entire scope of work completed by my own crews aside from a few items like plumbing that we sub out.Before that, I acted as the GC as owner builder and hired each individual sub.

basically Houston doesn't believe in general licenses. how to hire onehttps://www.biggerpockets.com/renewsblog/2015/03/1...as stated above try to find a bonded/insured contractor.managing your contractorshttps://www.biggerpockets.com/renewsblog/2010/04/1...additional tiphttps://www.biggerpockets.com/renewsblog/2015/05/1...paperwork to help make sure you don't get screwedhttps://www.biggerpockets.com/renewsblog/2010/04/0...Thoughts?

It's not in my current lease, but I will have several units open over the next month, so it's still an addition to my lease that I might want to add.

In addition the majority of the not so experienced are either out of state (OOS) or planning on going OOS.So I am not recommending against going to the San Diego BP social as much as 1) setting an expectation 2) suggesting you may want to go to a meetup maybe associated with an RE investor club.BTW there used to be a near monthly BP Meetup at various RE investment properties. 

Regarding Condo Exterior repairs, it is also common for a major repair to require additional funds over the HOA dues, so a Special Assessment is often levied.