Rental property numbers

[Kyle Tullis]

Hi guys I’m located in east Texas I currently have two rentals in Jacksonville. Each one brings in 800/month I’ve had one two years and one for a year. Purchase price for the homes were 57,000 and 59,000, paid for in cash I’m looking for cash flow so I can quit my current job. Problem is home prices seem to have gone up to the 70-90k range and I feel like the most someone would rent for would be 900. I manage my own properties so I’m saving cost there taxes are around 1400/year and insurance is 780 on current homes. I have extra cash laying around and I’m wondering if it would be beneficial to buy homes at a higher price or wait for them to go down or look elsewhere any advice would be appreciated.