I would take all of the details of your current properties, project what the sale would be, and what does that leave you to invest?

I’ve done a couple of fix-and-flip projects in the past, both of which were financed through hard money lenders.

You may want to adjust your criteria a bit and sacrifice projected cash flow for stability and projectability.All the best to you in your investment journey!

My job is our sole income and I get relocated for projects frequently so any property would have to be managed remotely (willing to invest anywhere in the states).Given the our situation above and our long term goals, I feel best next steps would be a heavy emphasis on networking and deal analysis.

How much cash flow negative are you projecting?

That being said, if you'd like to look at higher leverage on bridge/hard money financing for your next rehab project, I'd be happy to chat further. 

It's a perfect winter project for me. 

There is a catch - the couple wants to 1031 the funds into their sons next larger project which is TBD.

However, as we delved deeper into the project, we realized that a complete remodel would be more beneficial.

This generated $2M+ in equity, and thus is highly lucrative, but takes 2-3 years.Note worthy: I am located in California, but I did this project in Canada.