Our debt is low (other than current home mortgage) and our credit is excellent, if that makes a difference.Thank you!

I also think vacancy at 5% is low, as is repairs at 5%.

To add on to what Curt and Dean said, multi family housing usually attracts a very low income tenant.

Aside from that you may be stuck having to save up the money for a future purchase to keep your risks as low as possible starting out.

Mom and Pop landlords are relegated to renting to low quality high risk tenants.

The appreciation on condos in our area are low.

Yes Mike, ground floor rolls everything into the loan, which helps keep holding costs low.

Having materials order sheets of products you use over and over again is a good system.

They are pretty good in all portfolio product.

Due to the low price and timing, my full strategy is the following:Buy the property (all cash deal)After getting employment, Cash out refi this property to purchase 3-4 more properties.Cash Flow on the three to four new properties will be $350 per unit (total of $1,400-$1,750)Would like to get some feedback.