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.

BrianSome are better than others but thanks to the rehabbers kicking *** in the Tampa Bay, there are several new neighborhoods that can be considered as emerging.

But if you do have that set of keys, you could save yourself a locksmith's fees in case if any emergency came up.  

I'm not sure how you manage a property from out of state, you'll need to have someone local that can handle maintenance, emergencies, etc. 

I just finished my Pediatric Emergency Fellowship so more free time to learn a new topic.