Personally, I think I would stack some cash for a year or so while I did this. 

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

Quote from @LaTonya Clark: I can cancel the deal with no problems. yes, I feel like I am forcing this bc I want it so bad.

I feel like I’m missing the bigger picture of what makes a property a great investment opportunity.If anyone could share some pointers or insights on how to identify a “good deal,” I’d really appreciate it!

My Name is Michael Walis I have tons of experience if you have any questions I can help 

Feel the fear and do it anyways is one of my motto's also a very great book!

.: I think you made a mistake.Yes, you get extra money.

What they said ^^^^^I just called my Homeowner's Company (State Farm) and told them EXACTLY what I was going to do with the STR house(s).

I am sure the interest in that hard money isn't great.All DSCR loans I have seen require at least 12 months.

There are dozens of problems you can face as a landlord, and I feel it's important to have a plan for all of them.