I have read many books, gone to workshops, and listened to people at the top of their game in a variety of industries.

I will absolutely live there once the lease is up, so I’m not trying to play games.

This was actually a major game changer for us.

@Hayden Wright higher cap rate is not always better, capture initial equity through value-add, reserves should be substantial and you will likely use them, if you buy off of a long-time owner be sure to budget for insurance and property taxes to be a lot more than they’ve been paying, buy in an area where rents and property values are going up (good market fundamentals like lots of jobs in diverse fields, affordability (wages can pay the rent), population growth, good schools, low crime etc.).

You got one under your belt so celebrate then get back into the game. 

He is the expert in the game.

Returns If you are getting a 0 on returns in an appreciating market and get a great Location and an asset on great condition you may be fine or even better off.Considering labor costs and material cost if you buy a turn key property you may even be ahead of the game.

I think condos can work and ultimately the most important thing is to get off the sidelines and get in the game.

This is a numbers game.

Basically your skin in the game.