It is something that gives you the leverage to make more money and have the ability to not pay the debt on it monthly either (your burn rate on it). 

As someone who eventually wants to buy, I don't see that making much sense.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

From a financial standpoint, the key is to ensure you're purchasing properties at a price low enough to make rehab costs and refinance achievable.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.You need to get a firm grasp on two things: the ways to make money with real estate, and how to find deals that match your goals.P.S.

No, refinancing isn’t an option because of how we purchased the property.

I was wondering how people managed to scale their businesses faster.

Welcome to BiggerPockets, Lucas! 

There are always 2 sides to a story. 

You know this is only going to make us want to know even more.