There's plenty of Markets from Western PA all the way to the western border of Indiana that offer great entry points, affordable rehab costs, antiquated houses, emerging neighborhoods. 

These are the people for whom 1 missing paycheck (for illness, emergency, etc) would mean not putting food on the table. 

So I have been doing quite a bit of researching on market cycles, more specifically emerging markets.

As soon as we have emergency fund + downpayment + repair fund, I'll start the hunt.

The property is worth 210k and I owe about 140k on it.I have another 80k saved up and would like to put about 60k towards my next property (leaving 20k for emergency funds, rehabs, personal fund etc.)I have zero debt (no student loans, no car payment) outside of the HELOC I had to purchase the first property I stated above and most of my living expenses are paid by my employer (car, gas, cell phone).I am based out of Central Pennsylvania and am looking to stay somewhat locally for my first few properties (Harrisburg, Camp Hill, Lancaster, Hershey etc.) and am not really interested in out of state investing.Just looking for some advice or input on what you would do next if you were in my situation,Any input and info would be greatly appreciated, Thanks!

It's not market standard yet so it's still an emerging trend.

Of course the best course of action is pay off all debts, make sure that you have a emergency fund (usually 3-6 months of salary).  

I would start off with financing and pull the cash if there is an emergency.  

I'm keeping the rental income liquid as emergency money until I get to a certain level, then I'll transfer it to investments - and I have some easily accessible cash to manage any big issues that come up with the property.My question is - I plan to buy two more similar duplexes next year and repeat the same process.

. :))As some mentioned, I would also greet all tenants and hand them a print out with info for payments and contact in case of emergency.