You seem to be glossing past that fact in your post and maybe you don't even realize it, but you literally emptied the bank (equity) to come up with the down payment. 2.

It's not going to do ****, and when the market smells the coffee and realizes that it'll have take a bit of a beating.

Hello BP community, I am reaching out for advice on a financial decision I made that I am now realizing was a mistake.

Some posters eyes will open up when they realize you're doing just what the Columbus Cartel is doing but trying to be the victim and sly about it.I'll wrap it up on here too. 

Also, having the perspective and looking back at rent growth and appreciation from your own personal experience rather than reading about it makes you realize this is not as crazy as you thought it is.You have to grow your portfolio wide (units), before you grow it deep (equity).

People want too much, too many doors, too much cash flow without realizing that more doors equal more problems and more cash flow can mean more cap ex in general.

Investors buy in an HOA because properties are cheap, but then they quickly realize Nazis and busy-bodies run the HOA.You can try to build a coalition of owners and fight back against the charge, but it's unlikely to change.

Came across the area from a co worker as an out of state investor and realized that certain areas are able to hit the 1% rental target easily.

When I started researching 32209, I realized that there were certain pockets that had those good deals.

Throw in a dose of imposter syndrome and fatalism and you have a recipe for some mood swings right before a property is booked again.From a practical point, I would recommend great photos, a clearly defined target to whom you are advertising and understanding the best pricing of an area really well to ake sure you get booked in a timely fashion.From a more meta perspective, be aware that these listings don't typically get booked well in advance (families displaced by flood or fire, traveling nurses who need a new contract ASAP, and construction projects that realize they need a speciality engineer on-site RIGHT NOW don't book ahead).