I would also consult a CPA to get their thoughts on what makes sense in the long run.

Hopefully your sale concluded with no hiccups a long time ago.Still, I didn't see anyone really address the questions and since I'm here, I'm the broker for a "flat fee" brokerage, and I have a few minutes so I thought I'd clear the air (responding to your post will shake some cobwebs loose and help me generate some new content for our website too, so there's that).

Property is cash flowing and we have long term fixed rate debt.All good.

As far as strategy goes, long term rentals are extremely hard to cash flow right now and are more of a long term play on the appreciation side(never buy solely for that reason).

I've got a long-term horizon with all my properties and can easily cover the negative carry for many years, if needed.Better cash flow markets, IMHO are more mid-west markets.

Hello everyone, I’m an out of state investor to Kansas City Missouri.I am based in North Hollywood California and I acquired 4 doors in the past year in KC MO .I’ve been buying Turn Key properties from my investor friend in KC MO.After getting my apatite bigger I’m looking to buy by myself in order to be able to create a bigger equity by doing the deal from scratch.I have a strong income and about $200K ready to invest.I’m currently looking on SFR and small MF (price range 80K-250K) that will cash flow and will generate long term wealthI’d love to connect with experience Real Estate Agents, Property Manager and Contractors.Thank you for reading my post and looking forward to connect and share more about my RE Journey!

This purchase also has to make sense, but since you are living there it doesn't have to be crazy on returns. real estate is a long term play.

As long as your are being conservative in your analysis and exit strategies I would move forward.

Short term lending or even long term lending to get a 30 year fix loan want properties that are turn key liable and either rented or can short term rent. 

When you say long term game, I will keep the gas stations (it will take long to completely wipe out gas phase) with a potential to stream into multiple different source of income.