I know there is some buzz around Columbus, but it's not a boomtown and can't touch Texas long term.

Get in touch with me and I will explain it further to you. 

Research ways to use your education to help you qualify for a loan (did you know that some lenders allow college credits that translate directly to the line of work the graduate pursues to count towards work experience, accelerating the borrower's opportunity to get approved for a mortgage?). 

For instance, including local snacks, a small bottle of wine or specialty coffee, and a guide to nearby attractions can add a personal touch.

To touch on self managing vs professional management.

And frankly we tend to over-improve a little bit, because I don't want to touch a house again in the next decade or two.

My question is, do I just not touch the first property, use the cash flow to reinvest and pay down the mortgage or save up for a downpayment down the road OR do I pull cash out of the first property to buy the next property?

I am about to graduate college in May 2025, and will be making about $120k (pre tax) in my full time job postgrad (Washington DC area).

The best thing you can do is to get in touch with a few lenders and walk through your specific scenario. 

I wouldn't touch your current loan unless rates drop 1-2%.