Since I'm based in Tampa, I don't look outside and compare markets. 

. $360k equity (based on your estimated loan balance and estimated transaction costs if you sold, this is not calculating capital gains taxes but that would reduce your equity down to about $310k if you sold without doing a 1031 exchange). $8k cash flow (this will increase over time because you are in an appreciation market). $6k principal pay down (based on your current loan). $20k appreciation (based on 3% which is conservative, 4-5% is the historical average).

Of course using a freetobook, owner res, smart BNB type channel manager. decide which of those you want to be on based on your results for at least 6 months.

You should consult a tax professional for an answer based on your unique situation, this is not tax advise just general information.

I highly recommend you play with that tool to start getting an understanding of what things you can do to positively affect your credit! 

Step up in basis to reduce your heirs' taxes and morePlus the real estate tax "deferral" can end up being permanent if played correctly

Well this is going to be more mandated by your investor base than anything a mentor can help you with (i.e. there are groups raising money targeting low double digit returns, with limited cash flow, and other groups that need to show mid-20s to get investor interest).Lastly, if you are looking at a mentorship: really hammer on HOW they will help you be successful. 

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.

Based on that, their personal use kills the STR loophole from 2024 forward. 

Determine your maximum allowable offer (MAO) based on your investment criteria.