Purchase price: $150,000 Cash invested: $90,000 Bought as a forclosure gut job.

There is risk that the parties won't agree to return the cash held in escrow.  

Great job turning your condo into a cash flowing asset! 

Purchase price: $74,000 Cash invested: $25,000 Sale price: $145,000 I acquired a property from a couple needing to relocate, with significant repairs required.

I promise you will have options once you finish renovating.If you purchased correctly (location & purchase price), you will have enough equity so that you can either sell it for tax free capital gains, cash out refinance (if mortgage rates are lower), or pull a HELOC to acquire your next property!

While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.

I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

I am aware of 1031 but wondered if I can just cash out without purchasing new property.  

Can you easily find cash purchases close to the property and things like that?

I think another trick is, can you get a mortgage or is it an all cash deal?