Taking the next step

[Mike O.]

I just recently purchased my 4th rental (all townhouses) and was looking to go a different route on my next purchase, Here are my current #'s.  Townhomes 1-3 are in the same neighborhood and have a value of around $290k each. Townhome #4 is worth around $240k. TH#1 is rented to my mom which is why the rent is only $800. I have $450k available cash. Im looking for more of a long term investment and really don't know what way I should go with it. I have thought about possibly trying a commercial building or high end cabin and rent it on VRBO. Ive spent time looking at vacation rentals in Florida but Im not sure if I want to have an out of state rental.  There are not any multi family units where I live and apartment complexes are way out of my price range. Anything besides what I am doing now would be out of my comfort zone but I feel I need to try something with a bigger risk bigger reward. I appreciate any advice or direction on my current situation. 

TH #1Rent-$800 mortgage $500/month($104,000 owed) HOA $230/month taxes $200/month

TH#2 Rent $1800 mortgage $1000/month ($193,000 owed) HOA $230/month taxes $200/month

TH#3 Rent $1800 mortgage $850.month (1$185,000 owed) HOA $230/month taxes $200/month

TH#4 Rent $1500 mortgage $660 month ($86,000 owed) HOA $250.month taxes $180/month

With all the #'s added up its +$2,070/month