One down.... Next steps?

[Skyler Carpenter]

Hey all,

Looking for a bit of advice on a next move. I currently have one duplex that I have owned for about 10 months. It cash flows pretty good and if everything holds it will be about a 30% ROI for the first year. It is a class D property and is in rough shape and I knew it wasn't perfect when I bought but I have this increasing feeling that it is a ticking time bomb. I do self manage which isn't fun but it is my only option for various reasons. The experience with this property has me less enthusiastic about real estate than in the past. I have been looking in another market that is promising however it requires a lot of money down to make something cash flow. I have been only looking at small multi family as I like the concepts with multi however maybe I should look at single family?

I have a couple options. I can sell and walk away (and would feel some relief) however I don't have enough money to purchase another property. I could find another asset class to invest in but I do realize real estate has so many benefits. I could stick it out until I get enough for another property and hope I don't strike disaster prior to exiting.

Thoughts? I would love to hear from fellow investors, especially ones who have been in my shoes or are not overly excited about real estate like I am.

All responses are much appreciated!!!!

Skyler