The rent on the property is currently covering the PITI.

And now I'm wondering if I spent way too much, considering how small my business is and only one property.

You'd need to really understand the specific neighborhoods and property types to make a good investment.If you do go the out-of-state route, a good property manager will be crucial.

Here’s a revised version:Hi everyone,To summarize, I’m looking to buy another property in the same zip code, and I’m considering two options:1.

If you are doing short-term rentals, I recommend a property manager.

I’ve owned the property for 5 years and this is the first instance of this issue.

Plus, investing in a developing area gives you a chance to see your property appreciate as the neighborhood grows.However, there are some things to consider.

It was a slow start to the initial spring 2024 shopping season, but properties are still closing quickly, still nearly 1/4+ for all cash and the majority of investors are well capitalized due to the appreciation of their real estate and stock based assets. 

It seems like we could get a down payment for a new, cheaper property and some passive income while also saving the buyer money. 

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.