Evaluate these options to find the one that best suits your needs, there's no perfect choice, that's for sure!

This is perfectly fine to combine with a 1031 exchange. 

And  it is perfectly fine to convert a property from primary to investment and vice versa.  

@Joshua Woolls Perfectly said.  

You do want to be careful though, as in a perfect scenario, you'd BRRRR the rental and when you refi, pull all your cash out to pay off your HELOC until you find the next deal.Challenge is that it's not as easy to do this as it was 2-3 years ago when low interest rates could cover mistakes.PM us if you'd like to chat about more specifics:)

The perfect way to have a vacation home that is paid for by guests!

Perfection  perfection in the build quality and condition perfect tenants.. the problem that I see is you went cheap and simply dont understand that properties at those price points are never going to be perfect they are old to older homes.. and your tenant base is basically the folks that can only afford that quality of housing so you get what you pay for.

I did find one property that I would love to work on but I know it's going to get a lot of offers as it's the perfect flip so fingers crossed!

See this is what I am speaking of by look into other REI avenues, there's an ocean of opportunity out there so find YOUR "perfect fit". 

If it's not 100% perfect, it will be prone to crack, especially if the tenants are heavier or are rough on the house.