Exchanging into a rural multifamily

[Mike Moran]

Hello - I am currently in a position to sell my first duplex rental (that I lived in) in a market that is fairly topped off I feel and use the equityand profit to purchase a 14-Unit "complex" if you will. Some particulars - the duplex after all expenses (including vacancy, maintenance and reserves) and debt service nets about $325/mo. The 14-unit should make $2300/mo. However: 1) it is located in a fairly rural area, which is a bit concerning - however various employers with no major reliance on a single employer. 2) it is located 45 minutes from my home. I've always been hands on (currently own or co-own 12 units) so will be relying on a property manager (feel very comfortable, currently manages property and is VERY reasonable - referred by my broker whom I trust)

3) Concerns - it is rural; sewage is septic; plumbing is crawl space and exposed a bit to the elements. 

Looking for feedback, advice, anything that may be useful. My goal is 150 units by 2021 and his would put me at 24; of which with %s I'd own 20. 

Thank you all so much in advance. I appreciate the community.