I think one of the few options you currently have would be to go ahead and refi your current free and clear property to take both your reserve funds and refi funds to cash purchase a Tri or Quad depending on what price and condition you would like to be in. if you are considering doing the BRRR(buy distressed, rehab, rent, refi) method you should be in good shape then refi through a commercial lender in a llc or landtrust depending on what your state allows and CPA/attorney advises.. or if possible residential lender once you can prove rent roll to pull most or all funds from your multi to move forward with other investments. also I'm not a CPA or Attorney so please seek professional help when determining where to place the property if not in your name for the refi. if you goal is to purchase a turn key property I would personally wait till filing to move forward. I hope this helps and good best of luck with your investing future..
