.- Have kids: Hire them, they pay no tax up to 12K each and you get to deduct 12K.

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.   

You should ask the bank first if they can provide additional funding, but be prepared to explain what happened with documentation to support it. 

And lastly, you gotta live like a college kid.

If you're looking for additional safety, you could even split some of it to be invested into conservatively underwritten debt, so that if things go badly you can foreclose and recover some or all of your principal.

In the end if you get a bad enough tenant maybe you end up flipping a house anyways...just kidding. 

Hi Savannah - PM me your email so I can add it to our list.

But any additional positive feedback and tips are much appreciated.

My long-term goal (15+ years) is to have a portfolio of rentals for income, a solid retirement pool, and additional capital for investment to provide to the next generation of "doers" who want to flip or buy-and-hold.

I’m 37 and I still look back at the way it was when they first started building when I was a kid....man times change.Anyways, if you are looking for a safe rental, look inward towards Baltimore.