What are you planning on doing with the property, your exit strategy> Would it be to refi or sell? 

Awarded the investment property(cabin) with no mortgage and home with $155000 mortgage.

Maybe you walk into a business vs one property, or if not just learn something from a successful businessman.

You are in a great spot with your second rental property, but what's the rush?

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

They collect a month of rent and then walk away, whereas a property manager has to deal with that tenant for the next year.

@Alaas Amour if the seller is dumping this property - find out why!

Hi YehudaThis forum is very self-management heavy with some exceptions of full service Property Managers like myself. 

You will find many resources here on the forums and throughout the site as well.Personally, my short list of books to explore:Set For Life by @Scott TrenchRich Dad Poor Dad by Robert KiyosakiABCs of Real Estate Investing by Ken McElroyABCs of Buying Rental Property by Ken McElroyLoopholes of Real Estate by Garrett Sutton, EsqTax-Free Wealth by Tom Wheelwright, CPAThe Power of Zero by David McKnightREIT Investing for Beginners by Lawrence SmithWhat Would the Rockefellers Do?

For 2024, since the property is partly your residence, you can only depreciate the portion rented out, and no loss can be claimed.