Except instead of selling the next property, holding it and renting it out. 

Selling the property, while a difficult decision, may need consideration based on the financial implications of maintaining it under the increased insurance cost.

It’s been a while since I’ve posted - quick update:- Purchased condo in 08/2021, fixed it up and it’s been fully leased since 11/2022- Purchased 2 unit in 10/2022, currently living in one unit and renting the otherI’ve gotten my feet wet, bumped my head, learned a lot - but ready to add to my portfolio.

I know for a fact that this property can bring in over $2000 in rent, possibly even close to $3000.

They take care of me by paying the rent and taking care of the property and I take care of them so they stay a long time.

Generally, ifthey couldn't pay the taxes, they can't pay rent.

Now I would make sure that the title company holds the deposit not the seller, I as seller prefer to be paid the deposit but I am OK with a title company holding it.My biggest concern would be that, as said above, the numbers they give you may not be real numbers, You need to be able to evaluate the property on your own and not trust the numbers they give you for repairs and resale value, rents, expenses etc.

The price to rent ratio is super high almost across the country.

Renewing and raising rents up to market rate in the area.

The appreciation will always increase, but I have noticed better long-term value in small multi-family vs. condos.Do you have a purchase price in mind?