This means that not only do we lose the unpaid assessments, but we may also owe the management company the continually increasing pile of late fees. 

Use Fund 1 and 401k to buy a cheap house with in walking distance to the hospital to continue saving money. 

Keeping your current townhouse rented enables tenants to continue paying down the mortgage while you scale.2.

Then rent the bigger home out using a property manager, allowing her to possibly cash flow and maintain that asset and let it continue to grow in value.Encourage her to consult with a CPA or tax attorney to explore the best strategy tailored to her situation.

There are several ways you can continue to expand! 

Do not continue on your own.For your next tenant, be sure you have strict screening requirements and do not waiver from those standards.

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

Different states and municipalities have different rules so it would be good to brush up on them if this continues.

Are you going to continue adding SF's or try something else? 

My long-term goal to continue aquiring properties.