I know you mentioned taking time to relax, do you plan to further scale or do something different outside real estate?

Before moving forward, have a clear plan for how you'll use the funds, whether for a down payment, property rehab, or another investment opportunity.Good luck!

Unfortunately, while there are other methods to acquire investment properties, the reality is you need cash and reserves to plan and set up your investment portfolio accordingly. 

Purchase price: $424,500 Cash invested: $20,640 I purchased a small detached duplex that I plan on moving into one and keep the other as a rental.

Sounds like a great plan if you can get an SFR that hits the 1% rule.

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Rates are typically variable, so keep that in mind if you plan to hold for a while.Cash-out refi locks in a fixed rate but resets your mortgage balance, meaning a higher monthly payment.

Hope Is not a good investing plan. 

@Shaun Ortiz providing for the future needs of my family, RE is my retirement planning vehicle of choice.

You find the person who makes decisions bout the property and ask "what are your plans for the house?"