Tyler,Within my 20 years of experience as a landlord, if I had $150k and good credit, I’d focus on either flips for fast capital or rentals for long-term cash flow—trying both at once can slow you down.

BUT, I am sick living in construction and would like to move to a new home and then finish fliping and sell or hold the two homes asap.

Of the many strategies I've looked into, House-hacking and short-term rentals piqued my interests. 

I was not looking to convince anyone into other avenues of investing or to piss on real estate as I do hold a few properties that have appreciated, cash flow and I have benefited with real estate.

I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term. 

Quote from @Steve Englehart: I currently have two long term rentals and am looking into buying into the short term rental arena.  

But, if steady long term cashflow is a goal, with no management, one can always sell farm land on a low down private contract.

Yeah the law changed I believe back in 2020.You cannot do short term rental with an HPR unless you own both sides.   

Pensacola has a lot of potential, and I’ve seen investors do really well in the area with both long-term and short-term rentals.Since you’re just getting started, here are a few tips that might help:Know Your Market: Pensacola’s mix of military families, college students, and tourists means there’s a steady demand for rentals.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.