Even with the equity built up on my current property it would not be enough to put 20% down on something comparable.

But read up on fair housing laws, (don’t say no kids allowed) or something like that.

If the right opportunities come up in other cities, I will not say no to them. 

Additionally, with a 7% interest rate, I'm paying a significant amount in interest.On the other hand, if I save up for a down payment on a rental property, once I have enough to purchase the right property, it shouldn't require any additional money from me, and I'll be building equity without needing to contribute more.Does anyone have experience with this?

Growing up around mismanaged rentals is always a good formula for shenanigans!

Hey BP community,I recently purchased a SFR property in the Piedmont Triad area of North Carolina where I plan to replace the first-floor chimney with a bathroom (toilet, sink, vanity, stand-up shower).

Set clear goals for what you want to achieve—whether it’s cash flow, building equity, or scaling your portfolio—and make sure each investment moves you closer to those goals.Starting your journey with a solid foundation of knowledge and a network of supportive investors will set you up for success.

Just a whole lot of data slicing and dicing to bring up cities that otherwise will not top any unqualified lists.

I got a quote for roof repair, but of course we are on a time crunch due to the contract, and as always you never know how much more damage they find when they open things up.

This adds up to a total savings/increase in debt paydown of over $18,000 per year!