So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Any suggestions or recommendation would be greatly appreciated.

Quote from @Quan Pham: I'll give you the easy answer: sell.If you were fired up about owning an investment, I would recommend keeping the house as a rental.

A lot of great advice in this thread - while Greg is right, it's a common mistake, and the right lender won't have you running into this issue - I always recommend buying in an LLC. 

The process went smoothly, and I’m happy I got a tenant so fast, but the high supply of new builds in the area makes me nervous.

In general, would you recommend getting a lawyer in the area where the LLC is registered?

Could seller finance (not recommended) to reduce initial burden and spread it out over time

If I have some cash do you recommend clearing the loan or invest instead for next property with proper planning ? 

My recommendation:  Punt. 

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