I am cautious of that.

Being cautious on your material spend is wise.

.- Consider pulling equity out via heloc/refi but be cautious in doing so as there are fees you want to account for.There will also be acquisition fees for any property you get into so be sure to connect with a lender who can give you a good estimate on both the equity pull out and the new acquisition.- Find out the property's value to determine if it makes sense to sell or pull equity out.- Once deciding on the above, looking in landlord friendly states for small multi-family properties would be my next move.

If you feel confident about your why and how then go for it (with an appropriate amount of caution (because I'm very cautious)).

@Benjamin CarverVery rare to find a HOA that will allow this so be cautious.

Tough to give you detailed answers with limited information and be cautious of anyone who does. 

Be cautious if anyone tells you that buying for cashflow or flipping will get you out of your W2 overnight.

I just paid someone (he is on BP) a $20K finders fee (which was $5K over initially agreed amount, but we had some uneasiness and the seller was cautious (hire a lawyer to look after his interests) so the finder likely worked more than he was expecting and it was a great deal) for a nice (real nice) property at an outstanding price. 

However in this situation, if you're going to be in a bad spot if it doesn't sell right away after listing, and you're planning on listing around the Holidays, I'd just be cautious about that because you can expect higher than usually days on market and lower offers that time of year.

However, despite the increase, the vacancy rate remains below the 10-year average of 5.1% and is 10 basis points lower than the first quarter of 2020.Due to the current economic conditions, developers are cautious about committing to speculative projects, which may result in slower construction starts in the next two to three quarters.