30k in hand what should i do with it

[Cory P.]

one of my friends turned me onto this website and said you guys could help. so here is my situation. what should i do and how should i do it?

I recently did a cash out refinance on my home. in which i paid off majority of my debt lowering my min payment by 1000 dollars a month leaving only my home, 2 car payments and 1 rental property (which was my first home). and $32,000 cash in hand. the rental property nets me about 250 in profits every month for 3 years now. the LTV on that house is about 75% so no extra cash there. Also I bought and installed my own solar panels this year which i will receive about 10,000 dollar rebate on my taxes that i would also like to put towards the investments come the beginning of the year.

I would like to keep my work income as my money for my wife and i to do as we would have with out investing.  My idea right now would be to use that 32,000 along with rental income and tax return as the initial start of my investment life. in hopes of a snowball effect to secure financial freedom later in life with out sacrificing my everyday life. Either by;  buy and flip or buy and hold properties. i am not looking to reap the rewards for at least 10 years.( i am 29 now). my location is in Bakersfield Ca. i currently work on a land based oil rig. i have a construction background and there is nothing i cant fix/build myself when it comes to rehabing a house. 

i am open to all sorts of ideas so i can then narrow down my path of action. in your guys experiences what would be my best bet. any advice / input would be greatly appreciated. i just dont want to get discouraged, go out and buy a boat or something and then regret not seizing this opportunity when i had the chance.