The first one that comes to mind is do you plan to keep working while building your real estate empire?  

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

Our company uses the growth plan.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

You would need a premium plan. 

Just going to piggy back on what others are saying here with a simple question you should ask when considering buying any existing property, assuming you aren't buying with the plan to demolish and build something new:- When my current tenant leaves, what kind of tenant will replace them?

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

What did they say is the plan?

Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers. 

A potential goldmine for those seeking to increase property value and generate rental income.However, navigating this opportunity requires strategic planning.