There are many people here that can provide guidance, the more you can share, the better the guidance!

Or is it better to capture all the rental income while continuing to pay my current rent at $500/month?

Then you may shop in that price range.Tip: check with your local credit union: they will consistently have better rates and often the underwriting of loans is done locally.Mike

I've researched the 15/3 rule a bit and it doesn't look like it actually helps you if you are already paying the balance to zero each month.)By rewiring your brain to bi-weekly clearing of debt's (paying) it put's a persons mindset in a much better cash-flow management place.

You also have the option of only owning the real estate or the business as well.I can’t think of a more fulfilling and pride of ownership opportunity in real estate than owning really incredible homes providing better care than big box facilities.

I think option one is better if you want build a lasting relationship with this agent.

But if you can buy a home in a better area that will appreciate 4-5% or more per year, you will usually still cash flow.

., but I think the learning experience would help set me up better for future deals.

Hey, you're so certain of your innate genius, that your better than research, know better than what the market itself is saying, please SERIOUSLY go do it. 

I should be a little better at getting through the contract and the other detail tasks.