Calvin Clark, Welcome aboard! Congratulations in your first deal. This deal was a wise decision, considering the amount and body of knowledge provided here in BP, by the BP community members, books, blogs, and tools, all compressed in time so that what took decades of mistakes by other members combined had given you a considerable leverage. Time is too short, and dodging potential mistakes will provide you geometric returns if not exponential.
Pay attention to your 401K contributions. Its cumulative effect can double if not triple your retirement amount tax free if done and managed properly early in your life or it can double or triple your losses if done improperly. Combine your increased value effect in property income plus creative 401K management and create your own ATM machine that pays your mortgage. Freed up monthly money should go to your next primary residence purchase instead of your paying your monthly mortgage to the Texas property. Your Texas property should be your first profit center and pays for itself on monthly basis. (PM me how you can leverage your 401K if interested).
In addition to the above financial move, use leverage to purchase your next $5M rental properties that will provide more cashflow at 1% ratio. This is doable within the 3rd year after your first deal in Texas and after your primary residence purchase. What you just have done in 3 years time should equal to cumulative monthly W2 salary you would have worked for the next 40 years. If you choose to continue to work with your W2 because you are good at it, do the same step as you would when you started your first deal from Texas. Do these every 3 years and you would have achieved your financial freedom over many times.
