Plan for the remainder of the year is to start rehabbing again now that I reached my initial goal of $25k per month. 

Goal is to have credit cards that you do not use more than 10% of.

Working with a mortgage broker who specializes in investor programs can be helpful for better terms as conventional loan product lenders generally don't have the best DSCR terms.More info on DSCR loans: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

After a bit more research, I actually think renting a place will get me started faster and earn some experience doing Airbnb with a little less risk involved.Obviously I still need to be concerned about not violating a lease agreement by doing so and I would likely live on the property and lot or all the time.Ownership is still the ultimate goal, but this looks a faster party to self driven income.

Just ensure the new property aligns with your financial goals and cash flow expectations.After completing a 1031 exchange, you typically don’t have to wait long to do a cash-out refinance.

Whether to start with single-family or multifamily really depends on your goals, resources, and experience.Single-Family Pros: Easier to manage and finance, especially for a first deal.

This is where we will go back to your primary goal (Owning a cool property that you use sometimes vs. a pure investment property). 

Your detailed approach is key to finding opportunities aligned with your goals while navigating regulatory hurdles effectively.This post does not create a CPA-Client relationship.

Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

My goal is to free up that line of credit so I can use it for short-term debt like flips and such.