PS - Since 2003, Dean & DeWitt Property Management has helped investors buy, sell, and manage investment properties in the St.

What else would you do with the cash if not buying another investment property?

Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.

What you describe sounds a little like a BRRRR (Buy Rehab Rent Refinance Repeat). 

If you are buying to live in, you could also do FHA with a cosigner.

Once you do get buy something, be sure to look at a cost segregation study for the property.  

I am buying it furnished. 

One of my CFO clients just did this last year and got cashed out over $1M, which he's using to buy more properties.

They put on a good show, but don't buy in.

I currently live in WA state and invest out of state for buy and holds.