Paying off debt by next year, saving cash for REI

[Andy Bailey]

Reading and listening, reading and listening, repeat! Getting awesome info and totally pumped about the potential of building that PCF!! My wife and I both work full time W2 jobs in NE TN. We are looking to be out of debt except for primary mortgage at our current residence by this time next year. We have set a 5 year goal of purchasing a beach condo in a resort that we frequent on vacation every year. The idea would be to rent through the busy season and still vacate throughout the year there ourselves. This purchase would not be to acquire a great deal of income but to have a vacation home in an area we will enjoy for years to come. We are both in late thirties netting around 100k combined). I would like to obtain my real estate license within the next 12 months to focus on the experience as well as some extra cash flow while working my current job. We currently have 1 SFR we will be legally acquiring at no cost before end of the year. We also will have around 7 more SFR's within the next 8-10 years that will not require any out of pocket funds from us aside from legal fees to transfer ownership. I would like to begin focusing on flipping after summer of 2018 to build some larger cash reserves for purchasing more LTR's. I am curious to get some opinions on where to focus my attention over the next 2-7 years, i.e. Pay off current mortgage, save frivolously, seek other purchases, etc. I'm looking for some advice and direction from some similar experiences here within the BP community. Thanks ahead of time!!