Beyond that, I would start paying down Commercial 3, as mentioned, then 2 to get those off the books AFAP, then 4 then 1, simply from an interest expense play.

Rents would have to be closer to $3k to make sense unless you are playing the appreciation game. 

This deal doesn't work unless you're looking at a huge appreciation play.

This is your ability to find the correct Micro-Markets to invest in based on how the numbers with $$$ in front "play nice" in that market using (not spending) your money (see below), and deliver the Goals from the Plan (see below...again). 

To play it safe, everything was capitalized during the rehab period.

There are pockets where the 1% rule can still be had, but broadening you area is definitely a better play.

I’d certainly like to find a non-touring job with a steady pay check but they are very far and few between in the music world unfortunately.

@James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it.

@Isaac Bazek-Buy, Rehab, Rent, Refinance, Repeat by David Greene (RE)-Real Estate Investing Gone Bad by Phil Pustejovsky (RE)-Investing in Real Estate by Gary Eldred (RE)-Quit Like a Millionaire by Kristy Shen (FI)-Playing with FIRE by Scott Rieckens (FI)-I Will Teach You to be Rich by Ramit Sethi (FI)-The One Thing by Gary Keller (Inspiration)-Am I Being Too Subtle by Sam Zell (Bio)-Shoe Dog by Phil Knight (Bio)-The Big Short by Michael Lewis (Business)-Liar's Poker by Michael Lewis (Business)

First, because of your musical background, you're already light years ahead of many experienced investors.