That mortgage payment will be ~$685, then add in repairs, CapEx, vacancy, management, taxes and insurance...Take your gains and re-deploy your capital where you'll see some continuing returns.

Taking 5% for vacancy, CapEx, and repairs, plus 10% for property management, using the bigger pocket calculator shows cash flow as about $700. 

I had one house purchased in 2014, in which I've had 3 sets of tenants, but only about 2 weeks worth of vacancy. 

I’m in the NJ area, rents are high & vacancy low which is great, but prices & taxes are incredibly high.

Cash reserves get you through unplanned repairs and vacancy. 

If you can sustain some vacancy and turn over costs I think this is the best move.  

We usually fill vacancies within a week or two.

She NOW has great tenants & they often refer others whenever a vacancy is pending.She also has a live-in maintenance guy, who after completely rehabbing his own apartment at her cost, was immediately given a $100/month rent increase.

So you may have people expecting lower rents as apposed to higher end units which could in turn increase your vacancy rates as you wait for those tenants to find you that are willing to pay the rent price.

With the 1000/m income how much are you cash flowing after PITI Capex, Maintenance, and Vacancy.