Please Help - Second Property Investment Route

[Mitchell Poloskey]

Good evening,

I purchased a townhome in Houston, Texas in August 2020, locked in at a 3% rate with a low 5% down payment on a conventional loan for $284k. I currently sit at $258K to go on the mortgage and did this through a small bank, which I believe approved me for such good financing at the time. The property is now valuing minimum at 365K via Zillow, HAR, and in the 400's with CreditKarma, with identical / neighboring units selling +$20,000.00 more than those estimates. 

With the equity built since 2020, I am trying to determine the best way to route it through BRRRR and begin snowballing my portfolio/capital availability. I purchased the property after reading Brandon Turner's Rental Property Investing, and with what I learned, planned to purchase 1 property per year for 7 years to develop a solid stream of passive income. I have not pulled the trigger yet on a second property due to risk averseness, lack of capital and analysis paralysis. Could someone please advise an actionable step or game plan I can follow to tap into my equity correctly (if that makes sense here) whether that's HELOC, Cash-Out or another strategy? However that looks, what next?

I would like to eventually leave my 9-5, pay off student loans and get rid of PMI on my first property ASAP.

The townhome is my primary residence and I will answer any questions and be grateful for any guidance.