If so, then you can start looking for another one. 

At the moment, I have one SFH rental in Fort Worth.

I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start.

Depends on the brokerage you have, but the one we use currently has a rate at 5.83% at 50% LTV.

Start connecting with local investors or attend meetups. it’s one of the best ways to learn and get insight.

The one's I prefer handle everything in house, from purchasing the home, renovating it, renting it, then selling to an investor then managing for them on the back end.

Since my first property is long-distance, I figured it’d make sense to look for my next one closer to home.

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

However, I received some feedback from one of my partners that the play here would be for an investor to subdivide or re plat the land for a multiple tenant situation.