I of course would need to look for the deals and do letter of intents on properties and find them and they would come with me to the closing table pulling out equity and then getting the cashflow.

If you are trying to continue holding the other two properties then you should pull out some equity in the form or a cash out refinance on one or both or use a portfolio loan as @Jimmy Murray suggested.

Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.

@Robert StephensonIt’s great that you’ve built solid equity in your current rental property— Here are a few options to consider:Cash-Out Refinance: You can refinance your rental property and pull out some of the equity to use as a down payment for another property.

You can't pull money out if there is no equity.

In years past it was pretty ridiculous how often threads would get pulled when any little argument popped up.

Sometimes those small gestures can save you headaches when construction dust starts flying.I’m curious... now that you’ve pulled off this deal, how would you approach finding your next project differently, and what kind of local contacts would you prioritize connecting with first?

Firstly I apologize that I do not have any market insights data specifically, but Houston has been a rough market as valuations have pulled back.

I would love to get a condo down in Miami to have a as a forever rental, but it's just so hard for me to pull the trigger.

But having multiple banks working the deal I had one pull through for me.