What next? 2 CFP Rental Properties and looking toward the future

[Ron Calloway]

I'll try and make this as clear as possible. I don't know what to do next:

• 2 Cash Flow Positive rental houses 
  • Rental A: 66% loan to value, 2 year lease with good tenants, net income: 500/month
  • Rental B: 37% loan to value, 1 year lease with ok tenants, net income: 1200/month

What do I do now? We have an expensive house we live in that we would not turn into a rental, (too expensive) and bought both houses when the market was lower and rents have steadily increased in the Seattle area.

Should I buy another rental? We don't have $ for a down payment and I'm concerned refinancing either property due to the loan interest rate and positive cash flow. Not to mention, property in the Seattle area is ridiculously expensive right now. Deals can be found, but you must dig to find them and I'm not confident I could finance a deal right now without 25% down.

Any help is great appreciated!