But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

Yawn …the market went from bizzerk to normalizing , no need to hit the fire alarm quite yet , my STR in FL is doing fine, yes I’d like more cash flow and expenses are high but I’m a buy and hold, FL will always be a top vacation destination.

You've done well with your Class A rental, generating $500/mo in cash flow, this adds up over time.

BRRR's or flip can recycle your cash so you can rinse and repeat.

No extra unit will ever berented in it.

You know those signs that say "we buy houses for cash" call them and say you are investor looking to buy a flip. 

Purchase price: $265,000 Cash invested: $40,000 3/2 1728sqftLake access What made you interested in investing in this type of deal?

Purchase price: $450,000 Cash invested: $680,000 Sale price: $1,380,000 Bought a tear-down prop.

When considering single-family homes (SFH) or small multifamily properties, it’s important to analyze rental demand, local property values, and rental rates to ensure you’re getting strong cash flow potential.