Are you getting the property at market rate or below market rate?

The good thing about the houseGood monthly cash flowGood interest rateIf its a headache property, I would sellIf it doesn't have much maintenance and you have good tenants, I would keep it.If you do decide to sell, you have about $200,000 of equity which you can buy 2-4 houses with when the market is more favorable.

I've done it with every relo and benefitted substantially.

While I'm well-versed in the Australian market, the U.S. market is completely new to me.

The residential lease market in Washington, DC, from January 2024 to January 2025 has experienced some changes:Units Listed: The number of units listed decreased by 78, a 15.92% decrease, from 490 to 412.Listed Median Price: The listed median price increased by $175, a 6.19% increase, from $2,825 to $3,000.Units Leased: The number of units leased decreased by 58, a 19.86% decrease, from 292 to 234.Sold Median Price: The sold median price increased by $100, a 3.51% increase, from $2,850 to $2,950.Summary: A decrease in units listed and leased indicates a reduction in supply and demand year over year.

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".

Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).

Just closed an off-market 8 plex for a cash 1031 exchange buyer near Reno, NV in Carson City. 

See who is doing the most multifamily deals in the area and you may get some off-market/pre-listing opportunities.

Is this reasonable idea for this market?