@Michael RossiThe only reason why you are cashflowing so heavily is because the property is paid off and you have untapped equity in there.

I wouldn't leverage heavily, maybe 50% of your equity or $300,000.

Again you can make it work but like Kevin said above, make sure you have an amazing PM that works heavily in the area you plan to buy in. 

I actually grew up in middle TN, so I've heavily considered investing in that area (although it has been crazy lately).

We're hitting now at the crunch of personal debt to personal savings being heavily mismanaged.

As a beginner, I have to depend on my team pretty heavily when it comes to repairs and inspections. 

I really wanted to hold onto it because of California appreciation but I cut my losses - Oakland and Berkeley heavily favor tenants and a non-paying tenant can live there for months and it's a nightmare to evict them. 

Lenders don't weigh your CS as heavily as a "conventional" or gov't-backed loan, and so you might qualify.

How heavily do you weigh the doomsday advice and articles in your decision making?

If everyone can generally get to the region with nothing special and only YOUR address requires all wheel drive or four-wheel-drive, I would weigh that much more heavily.