landlord 101

thats a great point

the thing of it is, i only see two option to move along here

i can sell it (hopefully for a profit) and build the next one, and keep snowballing like that

or, i can put a renter in it, pull a mortgage and use the mortgage to build the next one while the renter pays the mortgage

option two should be the one with the most income potential...but of course, higher yield = higher risk
your age will make a big difference here as the younger you are the better. There are also a lot of tax advantages to doing this. If you must do a mortgage try and make sure your payment is 1/2 the rent. You can also look into the foreclosed HUD homes in your area. You will probably not qualify for a HUD unless it has already been foreclosed on. (if that is still a policy. We did this a long time ago). The interest on a mortgage will defeat the purpose if you are going dollar for dollar unless you have a good chunk of down money. Thats all I have good luck. This can be a retirement enhancement if you play your cards right.