Highly recommend starting close to you so you can get eyes on the property if you do decide to purchase a true rental. 

The profit was used to buy a higher quality SFH in the same area.

I have 3 per property and find that to be the best way for me to take advantage of their high APY and also keep things super organized.

I highly recommend you create an "Animal Addendum" which is a set of rules for any animal, whether it's a pet or service animal.

Both strategies are great and have their pros and consOne of the biggest wealth building tools in real estate is the ability to purchase a property as a primary residence and put less then 20% down.

Quote from @Pradeep Shrestha: I would highly caution against investing in any of Rod Khleif's deals.

High rental demand (Section 8 too).

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

@Travis Boyd The quality of the neighborhood will affect the cap rate to be used.

Key Questions:Would it be more financially prudent to sell the rental property and pay off a chunk of my high-interest primary mortgage (7.375%), and use the remainder for a fix and flip?