You have decent cash flow that you'll continue to accumulate, which you could put toward a deposit later for another property. 

Hi all! I have a 2/1 that I will be listing soon for a Tenant. I don't have the room to add a Washer and Dryer, so I'm trying to come up with a solution that I can offer. My Tenant will be responsible for water and el...

Additionally, have a clear budget, factoring in potential repair costs, and ensure you understand the rules about earnest money deposits and closing deadlines.LLC for Real Estate Investing: Forming an LLC for rental properties can offer liability protection and may provide tax advantages, though the tax benefits are non-existence for rentals.

Sometimes it can be difficult to collect and some landlords will keep any unpaid utilities out of the security deposit, though CA is one of the trickier states to do this in.

We have always asked for a bank statement, so we can cross-reference payroll deposits.

Quote from @Gene Jung: Hi,Assume there is no cost for mortgage requesting for my lender.

It's no guarantee but it's a good place to start.

And in this way, the state of Florida is no different, right?

They will try to run 2 kitchens and that can mean clogged drains in your wet bar kitchen.Be sure there is personal recourse when you need to sue them for $40k in repairs above the deposit.

What if you're a cardiologist with no debt and making $250,000 annually?