Best use of $15k for new investor?

[Alex Hayslett]

Hi all, this is my first post here. I've been saving some money and would like to get started with REI, renting to be specific.

Here is a quick outline of my finances. I live in a nice affordable condo community, average price of a 2b/2b is $75,000-80,000. I currently owe $67,xxx on my unit and have $15k saved up. I'm also paying $77 PMI and HOA fees are $105 per month.

I'm trying to figure out the best way to utilize my savings. Should I try to buy another unit for $75k and rent it out, use my savings to put down 20% and eliminate my PMI with a refi on my own unit or maybe some combination of both?

I know $15k is not a lot to work with but you gotta start somewhere. Any advice or suggestions appreciated. Thanks!