If you want to acquire more real estate I suggest more savings or sell the other property with equity. 

I worked exclusively in STVR property management on the island and currently work in long-term property management servicing the West Metro (Minneapolis).

Where do you think a rehab is more likely to net the better sweat appreciation the high property value market or the low property value market?  

Driving by a property today to see if makes sense to walk.

What's the age and condition of this property?

Congrats on taking action to get this first property under your belt. 

I'd recommend working with a good strong property manager that lives in that area that can check on them.

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

.: Property managers, how do you collect rent from tenants, keep your management fee, and send the remainder to the owner without it reflecting as if you received the full rental income in your bank account?

@Kwanza P.I've owned property in both countries for years.When it comes to Mexico, I've shared my experience by replying to hundreds of posts on the topic on the forum.