You can use this property to hedge any others that you add that may only cover themselves, or require supplement until they are paid off.HOWEVER, if you have decided that your goal is to use Real Estate as a stepping stone to build wealth by upgrading the property you hold each time (condo to house, house to 4-plex, 4-plex to 8 unit, etc) then I think you are right to sell now while you think the property is at the top of it's appreciation.It will be hard for anyone on BP to tell you what to do as we don't know your goal.You are right. 

@Drew Murtaugh it is going to be very hard for you to do this type of deal on your first go around.

One of the things I learned early is that the margins on a deal need to be substantial. 

Just recently got hit with a 10K sewer line repair.

That’s fine down the line, but for your first property, I’d lean toward familiarity.2.

Since you are on the Austin forum and stated you are from Texas, I would be happy to get on a phone call or have coffee with you to help you focus on the task ahead.However, let me remind you, I am neither a real estate agent, or lender.  

How do you approach educating people on the realities of the business? 

With 400K my initial thought is doing a BRRR/Flip that is close enough for you to be hands on.

Or the easiest is but an add here on BP.

I am looking to build up a network here on BP.