Hi Brett, you should run a proper property analysis.

I sure don't want to consider myself an abuser of this forum, and therefore don't see that as a proper solution.Nonetheless I do agree with @Joshua Dorkin that it can disrupt the flow of conversation... but I don't agree that most forums act this way; I've been a member of multiple forums, and most of them have options to delete posts... rather than contacting support or marking your own post as abusive.I digress...

Keep your payment at no more than 35% of your income and minimize your credit card and auto debt.  

If I have some cash do you recommend clearing the loan or invest instead for next property with proper planning ? 

I wasn’t late on one credit card payment.

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

I doubt seriously that you are properly reporting income on your tax return. 

I suggest consulting with a real estate attorney to ensure proper structuring of the LLC/land trust and review the tax and insurance implications.

To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.

I claim if you properly allocate for sustained expenses this is negative cash flow.