I'll continue to look, thanks 

I took every obstacle as a learning experience and continued on and made sure I didn’t make the same mistakes when putting in a new tenant. 

I am interested in jumping to my next SFH investment property in North Texas (DFW) area but it seems like prices are going too high and a bubble might burst soon.Do you guys agree that we are in a bubble at this time and would you continue buying properties or wait?

Also consider, you had 3 years of continuous rental => no vacancy loss between years 1 & 2, and 2 & 3.

However, love the south Florida market, the job market is strong and continuing to grow.

From there I want to continue to acquire a new single family or multi-unit homes each year from my first purchase.

I don't have enough reserves to bet on a continual appreciation with a negative cash flow.I have so much to learn, at times I feel overwhelmed but i'm just trekking along doing what I can.    

Using this method you could essentially save and continue to build on that 20,000 or you could put it into the property to increase the value while simultaneously increasing the rent.

Both my partner and I have full-time jobs and we are looking to grow the business on the side.

I think this is why internal rate of return exists - I know we're talking about rules of thumb, but if I've got a property in an area expecting lots of rent growth, I can add value in other ways, etc. over the course of a few years, the present value of those future cash flows and any other liquidity events become very important and it could make sense to accept a much lower CoC in the near term.