On the presumption it is a personal house, I would say to do it as soon as you can afford it, presuming you are looking to stay in the same area you are at for at least several years.  

I keep running into individuals who are not sincere and are unable to prove they have the experience they say.

POH are a part of our industry whether you keep them, sell them or tear them down. 

Lower down payment and keep the current as a rental or sell the current property and larger down payment on the new one?

Thank you, These fees arent out of the ordinary for what I typically see in my market - do keep in mind that the $2k in fees are outside of the realtors control and are charged by your closing company, she is likely estimating these amounts with what they typically see in the area.

I also reached out to loanPro.io to see if they had an offering geared towards the person with a single loan that they  need managed.  

I'm going to keep up with this post; hopefully you find what you're looking for!

If rents are declining in the area, you will likely have to drop your rents to keep units full.  

Look at the school district--the higher rated the district, the better for holding value and stickiness of tenants, plus appreciation over time.Secondly, you'll want to make sure there is a net in-migration of working and professional folks to keep the local economy perking along.Good luck, keep investing and moving forward! 

I requested copies of the income taxes for them both and it looks like this could be a pretty good deal but I'm not sure how much he spends on materials to keep them running as that was not included in his "financial report" (which was a piece of paper with number written for utilities).