Over construction of apartments Larger vacancy and inventory for sale5% price drop already in effectI think we are starting to see the beginnings of at least a correction or an inflexion point in certain markets.

So when it comes to banks, is it wise to ever go to them with questions or advice or are they simply going to tell me whats best for them and not me?  

Jason, I see no responses ever came in for your post.

You will be able to ride on the other 5 units rents and when you are done with the one you can move on to the next, and ride an even larger cushion of rent.We did this on a 4 unit.

If you ever need anything at all, don't hesitate to give me a shout.

I could consider a personal loan for that money as well, which would let me rent out the unit faster but would require larger monthly payments.During the second year of interest only, the unit would be rented (accounting for up to 1 month of vacancy), and I would make $496 that year.At the end of the second year, I would refinance, and if the value of the house appreciated at ~2%, I would owe the seller around $10,000 after the refinance.

I am aggressively studying property management, along with about 50 other topics :) because I figure as I pick up more properties they may not all be this easy.No, my time commitments are coming from my intense interest in building a larger portfolio and just being jazzed about the industry and doing more in it.

Another way of thinking about this is to manage the problem and don't expect to ever completely fix this problem. 

Anyone ever ran into this problem before?

With that, even if you fail miserably (Not that you ever will), you can easily dust yourself off and jump into other ventures.