Looking at initial quotes for this expansion while utilizing the same renovation refinance loan I discussed above, the potential negative cash flow will shrink from 2000.00 a month to 1200.00-1600.00 a month, which is not much of an improvement.

@Michael Doughty Your property definitely has the potential to benefit from a cost segregation study.

(They are honestly not too hard but of course it is difficult for many many regular people)I say just don't buy the used one as it always carry potential mold/breaking down issue.

And the entire time I'm really buckling down and saying "no" to potentially fun activities so that I can continue to dutifully save my $250k.A W-2 job will not make you rich.

Without credit information, how can I handle potential issues like unpaid utility bills?

If you buy in unknown locations, no matter how good the numbers look on paper, you should have a very large cash reserve to deal with all the potential problems. 

You're now part of a diverse group of real estate enthusiasts, investors, and professionals who are all about helping each other succeed.Don't hesitate to ask questions, share your experiences, and engage in discussions.

I am actively engaged in networking and building a team of lenders, etc.

@Jarrett FogelmanSelf-promotion is rightfully not allowed on the forum and so I don't want to write anything that potentially could be interpreted as such. 

With detailed expense tracking, managers can identify areas for potential savings, negotiate better deals with vendors, and ensure that every dollar is used effectively to maintain and enhance the value of their properties.b.