re: Owning a 2nd rental right next door to another thoughts?

Nobody said anything about multi family. You are discussing a SFH. that's what I was referencing. Mine have appreciation right now but that is not what I bought for. Oh and they are in normal neighborhoods also. Sounds like a personal issue that only you can answer for yourself. I've given my take. I wouldn't waste my time on it if it doesnt Cashflow enough and can't flip it. Move on.

Remember. Never let emotion dictate. You are only buying the deal. Nothing more. However. If you want to tie up a bunch of money waiting for it to appreciate that is your choice.