SFH near the beach.

[Gayle Eisner]

I just bought a SFH in Moss Landing, CA. One block from the beach for $452k. It is my first deal & because I could not get financing, I had to pay all cash. I did a 1031 exchange. What advice to do next? I am nervous about having all that cash tied up in one property. Should I refinance and wait till prices go down? I like to steer away from anywhere out of state - makes me uneasy as a new investor. The Bay Area is nearby but very expensive & I am not employed so I have a very difficult time getting a loan. Further investment suggestions? Thank you!