I highly recommend you take some of that $3,000 and stash it into a savings account until you have enough to cover 3-6 months of payments (in case the property does go vacant).

If you have a different goal such as stashing capital then of course you should look into selling it so that you could possibly redeploy that capital into a rental property, etc. 

dont come see me though, cause i dont wanna waste my time with a bunch of jokers.

And if I wait a little longer, I'll just keep stashing away money in the process which opens up more purchase options...Account Closed thanks for the tips on the Cincy market!  

If you stash $1400 per month away for a few years, the housing cycle will turn over again and you will not only have dry cash on hand, but prices will be lower.

While you might have some stashed away it also might hinder you getting into other investments down the line. 

I'm doing my research on areas and going to begin researching to put together a team, but first I wanted to ask is there a certain amount of money you would say you need to have stashed away in savings before you purchase your first rental property out of state?

Whatever that number is, would you try to be a Donald Trump or would you just stash it and spend your time thinking about other things than money?

You can take the returns from your rental property and either stash it away for the next purchase, or use it to pay down the costs of that purchase.

Stash away some reserves.2) Buy a single family home, and rent out individual rooms to roommates.3) Rent out units and/or bedrooms on short-term rental sites like Airbnb.