I have about 20,000 saved and will be looking to make an investment in the following year.

Save up money.

Anyhow, I removed my info back in February when I left it.

Building a trusted network of contractors will save time and ensure consistency as you scale.

Thanks for all the info @Tyler Jahnke.

Otherwise, I love the idea of getting out info about 28 years of Brooklyn property management.

This is substantively more “downpayment” savings upfront.

Creating a catalogue of info and answers for the general benefit of those in the future in addition to the poster.

Knowing about construction, how to pick a good inspector and read inspection reports will save you a lot of headache/money -  it's difficult to invest in RE just by doing things online.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere?