If you sold this property would you buy something in Arizona or would you continue to look for properties out of state? 

I am under contract for another property and am 99% sure I will not use them.

.: Good afternoon BPers🫡,Will property insurance pick up the tab on something like vandalism or does the policy have to contain some type of clause built in regarding this matter?  

Congratulations on your first investment property! 

Quote from @Marlena Hawkins: Does anyone know what insurance (liability, E&O etc.) is required for Property Management companies in DC and Maryland? 

This may come into play as you near the end of life and need to think about estate planning.4. 

Never force the numbers—if they don’t add up, the property isn’t a good fit.

You could go into brokerage and sell properties, working your way up to brokering commercial properties. 

There are really great REI opportunities in different markets - markets in the Midwest and Southeast of the country are particularly lucrative - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.

Yes, you can do a refinance to tap some more of the equity on the property.