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

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From those numbers it looks like you are at about a 12% yearly return which isn't horrible but not great either. Depends on your market. In my market anything less than 15% isn't a good deal.

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This is more of what I was saying. I don't know if appreciation is the right term, but I personally don't have many "amazing" cash flow rentals in my area because anything decently low gets bought as a flip. That's why I compared it to multi families, because flippers leave those alone generally so you can find some better deals. They just don't have the sort of appreciation and stable neighborhoods like you can find in a single family.

I agree cash flow is better, but I don't see many good deals.

Some of the benefits I was thinking about is I should get cheaper Lawn service, guy can cut both at the same time. Very easy to check on both. I usually pick up all my checks in person and change their air filter at the same time. I've only owned the current property 2 years, but when I listed it for rent online I got something like 13 calls in the first 24 hours. So I know this will rent very easily to a good longer term (2+ year) tenant.