If you have access to capital, you can buy the stable property and continue to acquire a value add.  

I'm an investor in the northeast Philadelphia area who has acquired and managed two properties for rent over the past year and a half and am looking to acquire more.

@Devyn Grillo - I would recommend having multiple strategies for each property that you acquire.

Hi BP,As I start to acquire more and more properties, the efficiency of my records of expenses/income/ROI is getting complicated and honestly not as organized as I would like.  

I wonder, how are you planning to acquire these properties?

If I was able to acquire it for $40k and bring in $800 / month, this property would meet the 2% rule, which suggests that it should provide a decent monthly cashflow.

@Cameron Andrews, I appreciate the offer however I am very active in my investments and acquire, project manage and dispose of them myself.

We can do up to 80% LTV on a short-term rental rehab loan so you can acquire the property.

I don't expect my contractor to work under these conditions and it is not conducive to a quick turn around.For the time being I have been funding deals via cash for the simplicity and quick close etc (easier to acquire properties and move at my own speed).Look forward to hearing from everyone.

And if a property is acquired then sold in 12 months or less, then the seller/investor pays higher capital gains tax.