Would you risk it?

[Brian Knox]

Would you risk:
Living in SC while having 2 rental properties in MN (one of which was previously your residence)?

Vacancy being my main fear: PITI on 1st = $375, PITI on 2nd = $825

1st Rental cash flows nicely and seems to have a permanent renter (HRA assistance, 1+ year of tenancy with very few issues)
2nd Rental would cash flow when rented at a market rate.

Both would be property managed by a competent manager I am using presently.

My primary fear is a vacancy on the second as I could not cover the mortgage for numerous months based on our family's modest income.

I want to go for this as I am a risk taker, yet I don't want to be stupid...