Now with the 70k you can either pay off the first rental again, pay off the additional amount you put on your primary residence or use that money to scale and buy more.

Additionally, I'm planning to commence my real estate investment journey by house hacking and eventually scale up to large multifamily assets. 

I think you are likely in way over your head in the scale of your thinking.  

Begin on a small scale, look closely at possible deals, and aim to find worth in homes, not just be scared off by big price tags.Good luck!

Stay focused and scale up.

We are still partners to this day, with over 1,700 units.We've been able to use refinance proceeds, seller financing, syndication, and selling assets to scale.

I'll be honest the new building/development world is extremely tough to get into and unless you are planning to do it at scale or have a super unique way to find land/deals the risk usually isn't worth the reward. 

As a bit of fore sight, My business partner and I plan to scale the business to have employees.I am currently paid through my llc for selling homes, but the issue is that when I am to be paid for services of property management, the funds have to pass through my managing broker's office. 

Probably 12 year old builder grade type carpet will not help you.Today...replace with LVP.

This is just a little tuck in acquisition that gives you more volume, more workflow, more economies of scale.