Starting with a property that is either new construction or turnkey that offers positive cash flow is a smart strategy.Feel free to reach out if you have more questions!

His employer gave him a great reference and indicated that the position is permanent and stable.

I have some of my money in that account invested but on my idle cash position I am currently getting 4.28% APR. 

Are there specific resources or strategies you recommend for someone in my position?

The best way to position yourself for a successful 1031 exchange is to be as proactive as you can when finding your replacement property.

thank you all for the positive welcoming!

Next, as stated above, a DSCR loan cannot be in 2nd lien position.

It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.

It's important to make sure you work with a reputable one that multiple people have had positive experiences with.

For instance, new businesses, salary growth, etc.