Currently My wife and I just eat the cost with no problem.

Yes taxes can be lower, but the condo fees eat up a lot of your profit. 

big money is made in speculation ( appreciation)  maybe just dont put all your eggs in one basket.you can have both.. just like a balanced stock portfolio.. 

One thing that makes me nervous about low cash flow is the potential repairs could easily eat up my cash flow or put me in the hole.

Rentals is the goal but building the nest egg first to create that snow ball. 

You are only looking for a few pieces: king bed (if you can make it fit), bedside tables with lamps, a small table (if you don’t have a built in eating counter), a couch and a rug to tie it together.

Why kill the goose laying the golden eggs? 

Also if you’re renting out the property that’s going to heavily eat into your cash flow.

Hi! Wanna be investor here. I've been listening to tons of podcasts, reading books, lurking forums, trying to get myself pumped to start investing. I don't know if it's something that maybe depends on the situation, b...

At 6% that would basically eat up the monthly income and my portion of the pie would be 20% on the profit, is this common?