Just know that commercial loans work a little differently than residential—they look mostly at the income the property produces, not your personal income.Some local banks or credit unions might even offer a HELOC on commercial property (less common, but worth exploring if flexibility matters to you).Build the dream home:For the new house, you’d likely go with a construction-to-perm loan.

If you’re comfortably managing payments and there’s still room to take on another property using the right financing structure, it may be more powerful to use your capital to acquire income-producing assets instead of sinking it into low-interest debt.That said, it always comes down to your personal risk tolerance and how much flexibility you want in your finances.You’ve already done something most people never will - you took action and closed on your first deal.

So you’re ok that the land isn’t producing rent. 

Your debt utilization is tiny which raises the credit score.2) Save. 

Price wise other than the large one they were similar to the mass produced print canvases sold online.

What will that property produce in a year or two?

Possibly, if you can build for under 500k, but that is a fairly complext project for a noobie. 600sqft is tiny for an apartment; your rents will be limited by the size.

There you can build up your skills even further and these jobs can pay a lot if you are producing great results.  

Is it a tiny place?

Generally avoid flood zones as wellYour underwriting shows a STR with a 0.75% rent to purchase ratio produces COC of 25%?