I have a small contractor business here in Abilene that is pretty new, owned and operated by me if any of you guys need a hand.

The bank will put a hold on them, so you can't just draw them out, so don't plan to need them for a while.This will cost you an appraisal on both properties to be performed by that lender. 

I am a little older, a little more knowledgeable now, and I’m reading everything I can get my hands on.  

Brian Burke's Hands Off Investor is a pretty good starting resource. 

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

Stick to the terms of your lease— they’ve broken them, so hold them accountable.

assuming you use all cash - and setting aside closing and holding costs for now - you're in for 150K. 

Turnkey, buy-and-holds, flips, or something else?

I wouldn't consider buying real estate if I didn't have $160K cash in hand.

It’s not as hands-on as building your own portfolio, but it could be the perfect launchpad—cash flow now, experience later.What’s your gut telling you—slow and steady with SFHs, all-in on multifamily, or maybe a passive play with us?