Depending on your goals you may want to consider purchasing another property here and building up on what you have already started.Some things to note...an $800,000 property and a $100,000 property roof replacement will cost approximately the same 10-15k range...in a market where historic appreciation (not just the 5-10 years) is little to none, spending 15% of a properties value to replace a roof which doesn't add any value takes away many years of future cashflow.

I would love to connect with other investors in the Albuquerque, NM area that would enjoy meeting up from time to time to talk real estate and build off each other.

Hi Stephen...Welcome to BP and the incredible wealth-building world of real estate investing.

There is no right or wrong way to build wealth. 

As you build your capital then you can start looking at multiple deals at once, but use it now on one deal, refinance and pay it off and have it ready for the next.

It's never too early to start networking and building a solid team in your prospective market, especially if you're considering investing out-of-state.

Since it is a new build, water shouldn't be entering the basement unless there is a Crack somewhere right?

We build triplexes in columbus OH and contract with a lot of out of state parties.

But I am looking forward to finding that gem and start building out my portfolio.

Not having the capital to jump on deals leaves limited options on "building capital and cashflow".