You have a nice nest egg, but it probably makes more sense to get your credit built up so you can take advantage of the loans.

If you feel the carry cost will eat too far into your profit then don't take the deal. 

I suspect that they were honestly upset about this and it finally came out or they were using it to persuade me to eat the repair costs, or a little of both.

"How do you eat an elephant?

There's some ceiling water damage that will eat up most of their deposit as I only collected half months rent.

@Frankie Paterno"Never invest in anything that needs painting or eats"

Bathroom and eat in kitchen downstairs, bedroom/sitting room upstairs.

To answer your question more specifically.......I really like diversification - to me, diversification leads to a certain security - not having all my eggs in one basket or market.Colorado Springs is a booming market and I believe this will continue.

My only problem is I'm the type of person who likes to have his cake and eat it too.

I've been weighing the pros and cons of the distance between properties, but you're right, even a little bit of distance eats up a lot lot of time going back and forth.I'll start work on learning about nearby areas and definitely look into the local groups.