Advice for a young investor

[Eric Madigan]

Currently I am 25, I have a good stable job and I bought a townhouse about 6 months ago. I rent out the other part of my house and pay about 1/3 of my current mortgage. I'm looking for advice to figure out what the next step is. How risky is it to invest in another piece of real estate and should I be looking for places local to me? I am trying to save as much money as I can currently so I can make another investment in real estate. I am very new to this whole process and really looking for some advice. Thanks for your time.