With the profit from the first deal I would pay for the initial investment technically.  

If rates continue drifting lower, limited inventory could once again put upward pressure on prices.Labor & Inflation Updates (Still Mixed)Initial jobless claims fell slightly to 209,000Continuing claims dropped to 1.83 million, though still elevatedDecember Producer Prices rose 0.5% month-over-month, hotter than expectedMost price pressure came from machinery and equipment margins — not broad inflationWhat’s the bottom line?

This is my initial recon into the area. input, insight,and feedback welcomed

Initial leverages can vary greatly based on location, experience on title, and ratios. 

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Let me break down your numbers:Rent: $4,600PITI: $4,200= $400/mo before other expensesNow factor in:- Vacancy (even at 3-5%): ~$140-230/mo- Maintenance (5%): ~$230/mo- Cap-ex reserves (5%): ~$230/mo- Even if you self-manage, budget something for unexpected issuesThat puts you at roughly break-even or slightly negative cash flow initially.

It is passive on the initial investment and then less so after you get going.

My current rental property was previously on the market for a short time after flipping it, as initially I hard a hard time selling it due to weather, timing and rates here in Delaware.

My initial reaction was to come in, meet them, and give them a list of maintenance I’d like to do including hvac cleaning.

Also, what if second mortgages have initiated the foreclosure process at the same time?