I could park my money into a syndication and let it accumulate, while simultaneously investing in learning more about real estate on the side as an alternative to immediately jumping in.

We are looking for 3 to 5 years (as we estimated the property to appreciate to $1.9m based on the research of its value back in 2006) or a structure that allows piti at $5,000/month or there about so as not to sell the property and continue with this opportunity (Tax $$1166/mo, Insur $220/month) for healthy cash flow as we are averaging about $12,300/month income on the property or debt servicing while we allow property to accumulate more appreciation along with this guest rental income.

So as I accumulate more assets, I'll have to revisit the coverage.

I have a relative who has accumulated over $300,000 of expenses over the past 10 years that he has never written off or used.

I am old enough not to need more properties, so I decided to accumulate cash and see what happens.

Treat it like learning a second career for the next six months and you will accumulate a ton of knowledge.  

When he got there he found that the bathroom on the second floor had been leaking and water accumulated in the first floor ceiling and finally broke through the dry wall spilling water onto the wood floors below.

I have no means of making another down payment for another deal until I somehow accumulate significant savings from my job. 

If you want to get into real estate investing sooner and need the cash, then you may want to consider the cash out refi to put the equity you've accumulated to work. 

Long-Term Wealth Building: Real estate has been historically considered a reliable method for wealth accumulation.