First - this community gave me the confidence to jump in on my first investment property. Thank you all for the generosity in sharing information and giving advice. 

I know this post will likely seem like a brag post. I am sorry if that is the case, we're just very excited about the results of our first investment property! It was a successful BRRRR of a single family home in Worcester, MA.

We had about $50K into the deal, and we were hoping to remove all $50K to jump into our second property. We are scheduled to close on an 80% LTV cash out loan on the 15th of October and we should be handed a check for about $90K on that day! We now have a property appraised at $315K, with 20% equity still in it, positive monthly cashflow, and $0 left on the deal. On top of that, we're getting an extra $40K over our initial investment after all out of pocket costs are factored in (including closing costs for the cash out loan).

We are thrilled about this, but we are very much still rookies and I want to make sure we avoid over-confidence issues for property #2. The results have left me elated and wanting to do this again ASAP. I don't gamble at all, but the feeling is reminiscent to what one may feel after hitting a "jackpot." How do I stay grounded and focused to avoid making a mistake with property #2? I'd love to hear from more experience folks about handling emotions after a successful deal. 

FYI - our strategy is very simple: Buy single family properties in Worcester, MA that need rehab, find quality tenants for them, and hold them forever.