I guess it depends on your borrowing ability, which will determine how far you can stretch that $200+200k.  

Then as time goes on you will get more comfortable with the meetings.....once you get comfortable again that's when you stretch yourself to do something else your uncomfortable with.

@Jj Horst WE bought our  4 STR properties with 20% down using our 1031 exchange funds and stretching the funds as far as we could.

Sold 3 smalls over 9 months since last June, stretching #3 into March of '18. 

If you understand it, you are more likely to buy right and manage it properly, which in turn, will create opportunity for you to stretch a bit on your second purchase, or your eighth. 

These loans can have as little as 0-5% down payment requirements, so you can stretch that fledgling war-chest as far as possible.Honestly I tend to agree with @Benjamin Seibert and @Thomas S., recommending that you keep practicing your underwriting while aggressively building up your war-chest.

Every episode stretches my mindset and leaves me a little more inspired. 

You could offer to continue to rent to them at $800 a month; a $150 increase that would be less of a stretch for the tenant.

A demanding career and graduate school had me stretched pretty thin over the past couple of years, and made it hard for me to delve in like I'd like. 

So that was about 8 vacancies in about a 25 house stretch.