I see no way we can spend what we have accumulated, but we can spend what we.

I think wholesaling would be a great way for me to start working in the industry and accumulate capital so that we have more to invest when we are ready.

If you are younger, I would suggest being less focused on cashflow and more focused on asset accumulation (Rich Dad Poor Dad) at a higher grade.  

You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

Both these investments may be good; but for the “wealth accumulation” stage the land that triples in value is clearly the better choice.

Gain = Sales price less expenses less adjusted basisAdjusted basis is purchase price plus improvements less accumulated depreciation.

I have been in my home for 7 years and have accumulated some equity and wouldn't mind using this to buy a rental 

Waiting for rates to decrease might not only lead to missed opportunities in acquiring a duplex but could also delay equity accumulation.

I get it.However, the one thing I've never heard is how exactly you go about paying these cards back before the introductory period runs out and the accumulated interest bankrupts you.The only option I can figure is that you (hope to) refinance your cash out and pay back the cards(?).

If not, just do it yourself and the water will then accumulate on their side of the property line.