My advice is to buckle down and save enough for down payment, closing costs, and emergency/rehab fund before you make another investment.

If you have $50k to invest then you will probably be looking at properties in the mid-to-high $100s (assuming you're putting 20% down + closing costs and a little cushion).

What are the current rents, market rents, maintenance/capx costs and projections, what is the actual return on equity %, etc.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

Or would we just need to have a good reason for whatever decision we make?

I’m gaining knowledge of costs to replace certain things in the house.

If you were to wait until the lease ends, can you afford to carry the costs of the property until sold?

I have noticed that some landlords spew hateful, off-topic, unhelpful comments for no reason.  

@Jeremy Nault and @Dan Weber Are there any areas mentioned that have regulations that are reasonable?

Partner Driven financed the Finsbury Drive deal using its own capital, covering the $350,000 purchase price and $16,000 in renovation costs.