Best way to utilize a $500,000 line of credit?

[Conor Lowe]

I operated as a house flipper and home remodeler for 3 years from 2014-2016. After three years I decided to try something different and got a job as a sales manager at a car dealership. That job was high stress and 60 hr weeks, so I resigned from my position after 2 years on January 1st of this year. I want to get back into real estate since I’ve missed it the last two years. I am finishing up securing a $500,000 revolving line of credit at a bank. It’s looking like my interest rate will be prime plus a point. My request from the forum is any advice on the best way to utilize this line of credit. I’m located in the midwest where you can get a single family resident in a decent neighborhood for around $80k-$150k that will rent for $750-$1400.