However, the opportunity cost is that I won't have funds to invest with my current salary as long as I have this house.

My one tip would be, its not about getting wealthy quickly, but more long term.

I think you're on the right track in terms of it's proximity to other MSA's.  

@Brenden Stadelman I found that agencies work well short term, but they are not a viable long-term solution.

The sofa bed was always temporary, and I plan to replace it with a queen + twin bunk setup, bringing the total occupancy to 7 long-term.To maximize income this summer, I’m debating keeping the sofa bed in a spare nook, bringing capacity to 9.

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

You’re asking the right questions, and it’s great to see you thinking strategically.My Take on Your SituationSince you already own a rental and want to expand your portfolio, your main decision points are:1.How to pull equity to fund your next deal2.Whether to transfer your current rental into an LLC3.How to position yourself for long-term growthHere’s how I’d approach it:HELOC vs.

I’m always open to collaborating on innovative ideas and projects that align with our long-term financial goals.

From there once a deal makes sense, pull the trigger, a lot of folks get stuck in analysis paralysis and I’m not saying don’t do your due diligence or be smart about it, but acting quickly and with intention will benefit you greatly in the long run.

In the long term you will make 6-8% return in the stock market.