[LWJ]

Yes. I have some thoughts. First. Are you buying for capital appreciations or cash flow? I think that if you get both, you win the lottery. Most often, you have to purchase for one or the other. My most recent ones have been cash flow only for several reasons.

You have some equity. I like leverage. I also like controlled risk. I would be very interested in selling with a 1031 exchange into larger properties that can work harder for your goals. Mind you, commercial loans are a dicey thing and can bite you in the azz. For that, you might consider 4 plexes which still use traditional 30 year mortgages.

Last piece. I used to manage my own. I HATED IT. HATE. I now have property managers. It pains me to pay them but my free time is exactly that. Free. Also, they get to deal with the scumbags and lawsuits. They also were more successful at collections and rent increases.

The above thoughts have made me some good dollars. Be prudent. Take measured risk. You will do great. Enjoy!