Make sure to account for property taxes, insurance, and any HOA fees, as those can vary significantly in different markets and impact your cash flow.

IRS 590 also explains this.5) When you receive a distribution or otherwise get paid back, never take personal control of the money.

You should have money set aside for litigation.

If you are going to sell then you must understand the tax implications. 

This is obviously much better than $1,400 per month.On top of that, you will now get 2x the depreciation write-off so your taxes should go down.On top of that, you will now get 2x the appreciation when real estate price go up.On top of that, your tenants are helping you pay down the loan, initially at about $100/mo for both properties, which gradually gets better and better.On top of that, you now have more units so if one or two goes vacant, you have more renters covering the losses of the vacant units.If you want to keep these properties, I would do a cash-out refi and go buy more rental real estate.

We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.

Hi Everyone,I  am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect...

That's why STR/MTR brings in more money...they're also more work.

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

If you ever have any questions feel free to reach out and ask I enjoy helping and offering tips and loopholes to help save time and money.