Again you kept all of your profit tax deferred and now goal number2 is complete.Again, only you will know whether your credit and the equity in the properties and the state of the market will handle it but it may be possible to have your cake and eat it too!

Unless you're working with enough capital and wealth to justify the fees most financial planners charge, it won't be worth it considering the wealth of information you can get as a beginner just researching and asking questions.I recommend getting a good CPA, but having a dedicated planner could quickly eat away at the money you have to invests and completely outweigh any gains they recommend.  

Then we could eat popcorn from my popcorn machine and see if anything comes of it.Dennis

Your formula does not factor in maintenance (e.g. one big repair such as a new roof could eat an entire year's profits or more), vacancy, evictions, etc.

Did he recently eat a big CAPEX repair for you that'll allow you to budget a bit less now?

Here in PA the number one industry is farming and I don't see that changing as long as people are still eating real food.  

They don't eat grits in Chicago.

I am anal about painting quality and as previously stated, fixing their mistakes costs more than eating the cost on the front end and charging it off to goodwill.

They will eat your cash flow faster than you can say "the water's fine, jump on in".I am down to one rental with a pool.

That said, it functionally is not prudent as you are sort starting in the wrong place with a big fat elephant in the room.