What should I do next?

[Ryan Bergevin]

I am wondering how best to expand my real estate investments. I currently have 5 MF properties with 14 units. I am currently working on cash out refis for 2 of my properties. With that and a HELOC on my primary residence I should have about $200k to invest within the next month or two. For those of you who have already expanded past this point, if you could go back to when you had just a few units what would you do if you had $200k to invest? For some background, I live in Salt Lake City and my current rental properties are in Ogden, UT. I have started looking in Southeast Idaho (Pocatello, Blackfoot, Idaho Falls and Rexburg) but haven't found anything yet. I'm open to investing in syndications but don't know if that is better than investing in individual properties at this point. I would like to get into larger apartment properties or commercial properties. I'm also interested in self-storage and mobile home parks. My goal is to build up my portfolio and cash flow to the point where I can quit my day job and focus entirely on real estate within the next 5 years.