Looking at a prospective next acquisition - Need your thoughts

[Steve S.]

I have several rentals all of which are < 50% equity.  I'm considering a property in a good, growing area with a good school district.  It would yield 8%-10% but at a minimum 8% based on my calculations.

Id say my cash position is 37% of my total outstanding mortgages. 

This is a turnkey property.

What would you consider before making this acquisition?  I'm trying to determine if:

1) I'm better served continuing to build my cash or stock positions relative to my outstanding mortgages

2) for only 8% and the hassle of having a rental, is it better to plow the $40,000 down payment into stocks instead (no one can answer this of course)

3) for 8% no rental is really worth it

How do you decide to expand your rental empire or not?