Today after making improvements to the properties it generates over $2,300 per month in cash flow.

We don't have a ton of extra income to be saving for our next investment property and 2.

I have a property in Encinitas right next to an elementary school and want to explore the idea of some kind of after school day care program.

I wouldn't touch anything outside the urban core. if your strategy is to buy existing and old I'd recommend not to. as a newer investor depending on your liquidity look at build to rent development. building investment properties below market value by 25% and refinancing out of it to do it again. the urban core has tax abatements as well that are 15 years right now you can apply for. that means that taxes will be around $600 to $800 per year. there's cash Flow but the existing inventory market dried up a few years ago in the urban core. local realtors are going to push you to the trash areas like hilltop, south linden, etc because it's the only place numbers work. columbus is great, but remember a tenant who pays $1800 a month is different than a tenant who pays $900 a month. let me know if I can help any other way! 

Whether it be cleaning their properties or doing manual labor.

Our property manager believes that the HOA is retaliating for some prior argument that they were having. 

You were not afforded a reasonable (in most states, 30 days) amount of notice to re-market your property. 

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

Even though she has kept the property in good condition, the core issue remains: a tenant who consistently pays late is not ideal for your long-term goals as an investor.In this situation, I would recommend sticking to your original plan and sending a formal notice of non-renewal.

You pay a bit more, but you get exactly what you want and don't have to worry about maintenance for a while which is obviously a savings.I live in the Woodlands, so considering the location of my home and rental property, I'd ideally like to build this in the area of The Woodlands, Conroe, Spring, Tomball, Klein, or Cypress.