There’s no real reason to jump into another market unless your goals shift and your current market doesn’t fit anymore—or if the market itself stops producing the results you need.Mastering one market and squeezing every opportunity out of it is a much better play than spreading yourself too thin and getting half-baked results in multiple places.

.: I always play it by ear.

I highly recommend you play with that tool to start getting an understanding of what things you can do to positively affect your credit! 

I recently have connected with investors who are interested in assisted living facilities, with the play of unlocking government funding, not sure if there's similar opportunities with SL facilities.

Any way good luck with it.. sounds like this company's eyes were way bigger than their stomach.. to scale on scattered lots is pretty tough logistically and I guess we are seeing that play out.

But, if the deal is a true ABL play, I may not even look at a credit report at all.

Hi Robert,Given you are looking to buy another rental (long term), a cash out refinance on the existing property would be a good play here.

Like everything else... if the numbers work and all the other factors at play are good in your opinion.... go for it! 

If you ever want to chat more about this... or if you're curious how these strategies play out in markets like Austin or Scottsdale... feel free to reach out.

I work, live and play in Charlotte, I'm from Asheville, and I've lived in NC for almost 30 years.