Should I Make An Offer On Another Property With a Vacancy In Another Unit?

[Russell Brazil]

I just closed on a condo in Frederick MD.   However I do not have the unit filled.  Another unit has come on the market in Laurel, MD in a condo complex I have been trying to buy in for about a year.  I would be making an all cash offer on this new unit, but I am a bit hesitant to make an offer while I have a vacancy on the unit I just closed on.  Part of this hesitation is I just left my fulltime job to pursue investing (and being an agent) full time.  So I am a bit nervous of being on the hook for the expenses of two units and having them both vacant.  My wife however feels this other unit is such a deal that we should go ahead and make the offer. She feels it is worth the risk.  It should also be mentioned that it is a short sale, so any contract on it is likely to take quite awhile to close.

So what say you fellow BP addicts.  Should I take the risk and make an offer while having a vacancy, or play it more conservatively and pass on it till I get my other unit filled?