This town is growing and probably 10 years out from being fantastic. 

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

I am trying to figure out how many markets I should focus on at once.

If they don’t, that’s a red flag, and I’d be out of there.Hope that helps! 

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

Hello @Timothy Hilario,I think there are benefits to both strategies.If you move out of your apartment and rent it as a mid-term rental, you could see decent cashflow without pulling equity out of the unit.

Is it hard to pull that type of cash out of a property?

This is advantageous bc later you have a third party loan (not your personal money) so seasoning period is 90 days to DSCR out.