My father and I just paid cash for a little less than a 2 acre lot in Summersville, WV.

These deals typically require larger cash outlays (50k-100k) per deal minimums.

My question is, do I just not touch the first property, use the cash flow to reinvest and pay down the mortgage or save up for a downpayment down the road OR do I pull cash out of the first property to buy the next property?

The issue is his definition of cash flow. 

Looking to get that cash back as soon as possible to use it to fund my business.

Since you want to aggressively invest in the near future, you will need cash and the 30 year option is the right one for you.

Hey BP Community,I am wanting to get into flipping and I have the construction experience but am lacking the cash or money to fund a deal.

There will be multiple markets you can achieve a 7.5% cap rate especially if you're buying with cash.

It was also difficult to assess the heating situation after repairs since tenant refused to provide key to access unit for repairs and/emergencies, citing “privacy and safety” concerns.

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.