I would want the property to cashflow if it were 100% rented, which sounds like it is still a stretch.

Add that payment to the mortgage on the new house and it probably won't float.I think you're stretched too thin and should be focused on increasing earnings, reducing expenses, and saving up for your next purchase.

I think it's a stretching it a little to equate the risk of you or your business being sued (proper asset protection also protects from inside liability, like you killing a child while driving tomorrow) with the end of the Earth.

I would consider some areas C+ areas but B might be a stretch...

NWA is on such a growth stretch.

@Jared SchottSeller financing will definitely be a stretch if the home is listed currently.

Rates probably around 10-13%, you can stretch it to 72 months, low origination fees (like 300-500 total in fees) 

You may have an easier time going the seller financed route instead of traditional financing. 15% down may be a stretch though, unless you find a seller willing to accept that. 

If it is elongated and stretches along the right-of-way of the railroad then I would be less inclined to purchase it.

At some point both will stretch out, and underlying house price will grow wider almost too wide that taxes & insurance screw mom & pop REI again.