Collections are where the game is won or lost, and without proactive management, even the prettiest property can bleed money. 

Thanks for all the advice, I'll definitely have to research more as I go about how to build out my portfolio and whether I want to pay down the existing loans or buy more.

Really about growing a strong portfolio of solid deals.Now that being said, if you are a high income earner, well qualified, and can't find reasonably good deals: (i) you can connect with a well connected real estate agent for off-market deals; (ii) you might do a very narrow cost-effective cold call or letter writing.

I own a 7-figure rental portfolio here myself.

Build your portfolio as your knowledge and wealth increase. 

It was great to get our heads in the game, and got us to move quicker to get a house (since we were basically forced to get a pre-approved loan in order to tour houses...).

We created an LLC because it seemed like the right thing to do and we’re looking to grow our rental portfolio now.

Having real estate as part of a portfolio vs. those trying to "scale" it into FIRE or a business because they watched some guru say it was easy, well it is the furthest from that.

I suggest you find other sources of income or partner on deals to grow your real estate portfolio.  

Use next 4-6 months to learn by listening, reading and watching how the real estate investment game works.