Depending how much of the neighborhood is a hot zone for renting rather buying, and which Property type is performing better than the other (meaning 1bd 1ba 2 floor renting out faster and much more consistently than a 2bd 1ba 1 floor), you can make your choice of those factors as well as other ones that impact your decision for what you wanna do with your investment.

It could be that the decision makers were not aware of the ceiling on your budget.

This is not a person who is making good life decisions. 

It turned out to be the right decision because we got an all-cash offer pretty quickly.Once all was said and done, we netted $200k in profit.

I recommend considering your cash flow and debt-to-income ratio before making a decision, and consulting with a financial advisor to tailor the choice to your specific needs.Good luck!

Clearly if it isn't profitable it wouldn't be a good decision.

Marrying right is huge and I appreciate that you mentioned the importance of that decision.

There are so many "easy" decisions when you form an LLC that aren't really easy, and you need a good CPA to see your entire situation before they can give you good advice. 

Many clients will find it hard to trust a younger person with this big of a decision. 

By emphasizing your qualifications as the basis for your decision, you steer clear of potential issues related to discrimination.