If investing locally doesn't really make sense at the moment, you should consider expanding your horizons to out-of-state markets.

We are in a time period now where a longer time horizon is important.

I would, however, just urge you to lengthen your time horizon.

Still too much, to your point.Yes, I agree that is a valid point about the time horizon.

Once you have a clear understanding of your goals, it's crucial to assess your risk tolerance and investment horizon for each one.

Hi Joseph,When starting your investment journey, it's essential to set clear goals that define your investment purpose and time horizon.

If they pay on time, you don't have much turnover, and you don't see big capex expenses on the horizon I'd continue to hold.

It's all about your time horizon and if you are more focused on immediate gains, or long term appreciation. 

I have been working with a platform management company for about a year now and want to expand my horizons and learn other sides of the industry.

If that's the case, most people would be better off putting your down payment into a CD paying 5.5% interest.But if you have a long term horizon, use leverage appropriately, get personal use out of it, and actually enjoy the business part of it, it's a great asset to buy.