With interest rates as low as they are, I don't think using leverage to buy a income producing asset is a bad idea at all. 

Especially, with income producing properties. 

Our long-term goal is to own several homes that produce passive income while we maintain our careers. 

My thought also would be that I would want to get my HVAC license so I could know and work on all the machines myself.I think it would also be smart to set up a side "emergency" ice business to service food service, hospitals, butchers, or anyone else that needs a lot of ice on a semi regular basis.I'd also want to know how much vandalism affects profits. 

@Adam Thomas WeluI've bought three properties from two different turnkey companies, both post on here regularly.

I would think insurance on a condo would be less expensive than a regular dwelling because of the association insurance.

It sounds like in your experience, creating meaningful relationships comes from producing at a high level, through both hard work and quality work.I hadn't considered that as you grow your wealth and business, some of the people around you might feel alienated and defensive.

They're based on the property's ability to produce income and your credit. 

We are getting a great deal (buying from a family member) so it will be income producing and we already have other multifamily to qualify as experienced. 

I don't have a traditional income (just started a digital company with international clients, and most of my equity is based on stocks), so I don't qualify for regular loans.