I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

One year also helps you maintain a schedule for inspections, rent increases, preventative maintenance, etc.If your lease doesn't have an early termination penalty, then the only thing you can do is start marketing and find a replacement tenant.

They are all SFH and we will be looking to purchase about 2 more and then a small multifamily apartment complex in the future.

If you're in an area with mainly young families or maybe an older generation who just want to live by themselves and not be bothered with people living in the same structure as them, then the home is probably less valuable.One thing I do with some of my investments is to convert it in a way that is easy to be removed.

First thing I will say is STAY active on the forums - don't post once and then never again. 

Then pay off in full every month.

You said it was inherited, but talk a lot about the seller, then ask if you should sell or hold.Given what the new law is doing to owners, I would not want to own a condo in Florida.

@Jack SeidenThere is a lot more variability in commissions then 2.5-3%. 

We will need to move out and do extensive repairs which will then end up being rented (a delayed brrrr in a way).

I am re-reading 'The book on Rental Property Investing' by Brandon Turner then going to re-read 'The Book on Investing In Real Estate with No (and Low) Money down' by Brandon Turner and 'Buy, Rehab, Rent, Refinance, Repeat' by David Greene.