Your realtor can help identify these properties.3.Temporary Alternatives:While waiting for a new build, you might consider investing in a property that can generate rental income immediately.

But I'll stay in my box.Notes: * - My investing: generational (long-term 20+yr) rental holds, "starter home", 1978+, SI (Stability Index) > 90, CI (Confidence Index) > 90

Avail has been great for me as their listing syndication and legal lease generation features make management easier at a reasonable price per unit.

If you are paying a property manager and still generating $84,000 cashflow on $800,000 equity, your return on equity is over 10%.

House hacking involves buying multi-unit properties, value-add properties can be improved, short-term rentals generate higher income, lowering purchase prices through distressed properties, and creative financing options.Good luck!

Whether it is better to pay down the loan or invest the funds elsewhere depends on whether one can generate a higher (risk-adjusted) return than the interest rate on the loan.

Add in that money goes out many months before any generated income, the worse financing options versus purchase financing, the detraction of something (even if it is just yard space) from the primary unit, the work involved even hands off is at least as high as a BRRRR but a brrrr can provide an infinite return. 

But if you would like to generate a ton more cash flow, then leverage your way to generational wealth with all that equity you have sitting there doing nothing for you.

But real estate is a better long term wealth generator.

Here's an easy answer for you: move into the house and rent out the rooms to generate cashflow.