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You wouldn't have two places in two locations if you had a tenant?
Make sure it's not too difficult to service your rental property.
It makes zero sense to have it as a storeroom (use the money elsewhere).
Finding a good tenant is important, but also, you never really know? Assume you will have good and bad tenants.
JonoMarshall
hippy
But then I have only one place. I like the idea of leaving my first place alone, so if the second place goes tits up I still have the first place as a roof over my head. Plus I'm looking elsewhere, so I'd have two places in two locations if needed.
My place has doubled in value since I bought it but so has everything else so that's kind of irrelevant. If I find a place to buy that requires the selling of my current place then I'm locked in to waiting for some dickhead buyer and all that nonsense. I'm more inclined to buy a second place and pay it off while leaving the first alone. I guess then it's two smaller places rather than one big place but the risk is less right. I dunno