Looking for your experience: What do to with $60k?

[Vivian Nicastro]

Ok, looking to pull from others’ experiences. I currently have 1 single family long term rental in the Nashville, TN area. I’m looking to get into my second deal. I can pull $60k from the current rental via a commercial line of credit—which is great, but it’s not much. 

My question is for those of you who have done deals with around that much capital or less: how did you do it? Did you find a partner? Did you find an extremely cheap property and BRRRR it? Did you use it as a down payment on a high cash-flowing STR? I'm struggling with analysis paralysis and it would be helpful to hear how others got past this roadblock. Thanks!