Now your fully renovated home is getting top dollar rents, you could probably refinance too since rates are poised to go lower (lowering your monthly obligation), you could open a HELOC before you move with the extra equity and use that to fund your next deal and now you have 2 homes! 

My two least desirable properties the appraiser appraised them out the roof so my refi cash out was really good.

Use the HELOC funds for another investment strategy such as funding fix and flip projects.

When you have the funds available and you find a deal that works, that is the right time.With the new investors that I work with the biggest step is saying yes when you are ready.  

Another question that I haven't yet heard the answer to: Do local governments ever run out of HCV funds? 

Another 74k in index funds and 10k cash.

This is something I would have to dig into your background on to properly advise on which asset class might be better for you and also how much management intensity you desire and/or can handle.3.)

Here are some thoughts on effectively managing these relationships to ensure all three stakeholders feel valued and respected.Stewardship of Owner FundsProperty owners entrust PMs with one of their most valuable assets, and being good stewards of their funds is paramount.

Kyle, you can fund an entire acquisition with OPM (other people's money).

They have a system, team, and their own contracts, and also provide proof funds, even the EMD.