best way to use 200k

[Stephen Craig]

Hello all,

I'm just getting started in REI and I have a couple of questions about how to use my money the best way. I have about 200k to invest. I want to buy at least two "full rehab" SF houses in the South Florida area this year and start my BRRRR portfolio.

My question is should I pay all cash and then have to wait a year to refinance to do my next deal?

or

Should I split the 200k put a large down payment (since I'm a self-employed carpenter moving into a new area) on a house and try to get a loan. And then do that same thing six months down the road.

I guess my basic concern/question is how do I get my cash back out? And what if you vacation rental a house, do the lenders allow you to use that as income I order to refinance?

And if you know of a good fixer in the Fort Lauderdale area let know

-Thanks Stephen