If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

After educating myself with books and podcasts, I want to exercise a similar strategy to BRRR and consider flipping if cash flow isn't manageable.

To avoid the high tax bill on a flip property a lot of our clients will buy rehab and then rent. 

One route you can go is get high level familiarity with what you want.

At this point the value of the house is still increasing but not at the same rate as the previous years for a number of obvious reasons (high Interest rates,  age of house, etc.) and at this point I'm not sure what my next move should be since I don't like having all that equity tied up in the property and borrowing against it (HELOC) doesn't seem like a good idea since banks seem to be charging even higher than "normal" interest rates because the house is not my primary residenceIt's been almost 2 yrs since a I moved out of the house and I know my time is running out before we'll have to pay capital gains on the property if we chose to sell it [unless I do a 1031 exchange of course] but wondering what other options I might consider.

Anyone knows good inspector in Dallas/ McKinney area who can inspect land and advise. looking forward your feedback and highly Appreciate all your guidance.

When you buy this triplex, you are only our of pocket $500/mo for a similar quality of life, that equates to "$1,000 net cash cash flow to you", since you are effective saving $1,000/mo versus your current living situation.

Prices are very high and cash flow is hard to come by in our area.

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Everything is highly individualistic and there isn’t a “right or wrong”, but what works best for you and your situation. 1) what is your ultimate goal for your ideal investment property?