I've managed to save up $10k, but with those pesky doctor bills eating away at it, it's looking more like $8k.

Should I manage my own properties just starting out?

I would really recommend you hire a property manager.

Out of the eight units I own and manage, I have had countless tenants choose our properties due to in-unit washer/dryer.

If the problem is something related to the property itself or rent payments, then it is the responsibility of the landlord to address.Anything outside of that a landlord should avoid or proceed with great caution.Tell your tenants your hands are tied and you need them to help you to help them and call the police so you can also file complaints with the city.

I didn't have the time to fix and flip, or buy one single family home per year, and try to manage it.Two big differences between SFH and Multifamily.

But rest assured, any built-ins, any woodwork, doors and windows, anything "nice" in the house that you put it once upon a time for yourself to enjoy is going to get damaged.I am closely related to a guy who moved out of his house five years ago to a new house, with the intention to fix up the old property a bit and rent it, and yet his old house has sat empty for five years and he's paid holding costs for out of pocket.

It's important to take your time with tenant screening and be prepared to manage the property yourself.

For 15 years you manage to save up $20k per year and you have the missing $300k to pay $400k in cash.

I thought it was incredibly hypocritical when I worked for a bank and got those requests from "risk management".