Have you thought about this approach or considered a phased plan to build up your portfolio?

For fix-and-flip pros, BRRRR enthusiasts, and wholesalers alike, the landscape looks different than it did just a couple of years ago.For flippers: What’s your approach to finding end buyers in this market?

He took the new development appreciation approach.  

A hybrid approach could also work—perhaps using a HELOC for reserves while saving the stock portfolio and 401k loan as backup options for future opportunities.

Once you find someone willing to let you shadow them, approach it with professionalism and a willingness to learn.

Let me know how it goes or if you want to brainstorm more on how to approach the seller.

To hit $1mm net equity in 5 years you have to approach from mainly an appreciation approach.  

The only reason I brought up that I coach in a comment was because I disagree with Henry's approach based on significant experience.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

A balanced approach often works best—consider splitting your cash flow between paying down the mortgage and investing in diversified assets.