My budget was $300,000 and I wanted a 20% CAP rate.

Pros: Low cost of entryHigh demand for rentalsRelatively High Cap RatesStrong economic drivers, and set to benefit from more remote workers No hurricanes/ Good football team.

Cap ex versus maintenance is often a fine line.  

There's a dollar cap but it's quite possible to have a VA loan at duty station A, and then another at duty station B, and so on.

So is avoiding potential HOA issues, or deferred cap ex, or to get in the path of growth or appreciation.The key is that something is nagging you about that condo. 

Very good CAP rates, low purchase prices, and tons of appreciation price wise on properties.

Doing this made him rich.BP podcast has also featured fraudsters in the past.

I keep it simple.Vacancy/non pymt. 1 month Repairs.                   1 month Cap ex.                    1 monthInsurance.                1 monthTaxes.                      1 monthManagement/misc.   1 month That leaves you with 50%More most of the time, less sometimes. 

But, how much gain, and cap gain taxes, are you looking to avoid?

I look forward to seeing you around.I really like the alerts feature that can quickly guide you to current topics that may be of interest: http://www.biggerpockets.com/alertsThere are a few self-contained guides that you can access here: https://www.biggerpockets.com/guides