Nothing wrong with taking it steady rather then rushing into something for the sake of doing it

Slow and steady still wins the race. 

Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.

Augustine will have steady short term rental occupancy? 

SSM still has steady demand growth as there is increase in people moving in.  

That's a fair question, Alexander, however, in my opinion, I would not worry about STR turning to LTR, in the right market, there *should* be a pretty steady demand for LTR.

And if real estate trends exactly how it has been over decades,  Then it will eventually grow its on slow and steady equity. 

Are you looking for an area that is a steady, long-standing market (may have higher prices and less likely to find something with immediate cash flow but lower risk), or are you more risk-seeking and willing to get into a higher-growth area with potentially higher returns?  

In these cities, your financial resources will go a long way enabling you to assemble a diverse multifamily portfolio and initiate a steady stream of income.

Instead, buy some Altria (symbol "MO") stock, which has 58 years of steady to increasing dividends, and is yielding around 10 percent.