Right now you have $1,000 in cash flow that can be used to fund other projects (seed money), pay you in profit to supplement your lifestyle, or fill in any gaps for underperforming properties.  

This was important because I had a lender who would lend at 80%LTV. 

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

Yes I did receive the funds which surprised me a little. 

If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment. 

@Eric Miller Choosing between one $600k property at 70% LTV and four $300k properties at 95% LTV depends on your goals, risk tolerance, and management capacity.

With an SDIRA, you can use tax-advantaged funds to purchase property, and any income or gains from the investment grow tax-deferred (or tax-free with a Roth SDIRA).

If you don’t have a certain amount of funds set aside for these situations as well as your portion of closing costs and some extra reserves for once you close then you’re likely not financially ready to be buying things.

If your business is worth significantly more than what you owe on it, you may be able to borrow against that equity to fund your first deal—rather than walking away from a potentially appreciating asset.Some investors take this route, keeping ownership of their business while using its value to qualify for financing or attract a capital partner.

I wouldnt want to sell unless I needed the funds for something else .But it doesnt hurt to ask them if they want to sell