This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

I think they're probably a decent PM but sympathize now (that I have experience) it's genuinely difficult to find high-quality and consistent cleaning, as well as steady workers that don't come and go, here in the Colorado mountains.

Larger brokerages sometimes are in need of administrative work, which could earn you a steady income while also getting exposure to the field. 

Pivoted to a new market for my 3rd property where the entry price is low but revenue is moderate, average listing quality is poor, and occupancy seems steady year-round.

These are top drive-to destinations for much of the Southeast, so short-term rentals here can generate solid cash flow, especially during peak seasons.The area is also seeing steady growth, with more infrastructure and amenities being added to support visitors and new residents.

These areas offer strong appreciation potential, steady growth, and stability.

While I do not have an official W-2 currently, I do have a steady income, great credit, and have money saved as well from working since I was 13 years old.I relate to Ian Kay in his journey but also am very determined to make my goals/dreams a reality this year by July 2025.

Do you want to scale more and maybe sell this property and 1031 into something else that may cash flow more, or hold onto it because the cash flow is pretty steady it sounds like. 

If you're working with an investment brokerage, I'd recommend tapping into Tampa and Central Florida markets too—areas like Riverview, Wesley Chapel, and Brandon have been strong for both flips and long-term holds with steady demand.

With the right PM, you’ll have peace of mind knowing your property is in good hands and generating steady income.Good luck with your search!