getting started

[Glenn Miller]

Let me start off by saying that I live in a very small town(13,500) and all surrounding towns are around the same in population. For the most part houses here are pretty cheap. On average you can find a nice home 3br 2ba for about $70,000. Sounds great right, but the thing is rent is also cheap. I just recently purchased two properties for $3800 for both. I am currently rehabbing one now and want to rent this one before I start on the other one. I am trying to build money to invest in more properties without taking out a loan. What do you think I should do with these two properties? I was going to keep both and rent them out. I will only get probably $400 a month per house. I know that there is probably a lot that I left out but any help would be great. All input would be greatly appreciated.