PLUS, if a bank decides at the last minute they don’t want to borrow you money for a new type and price range of property for you.

I've decided to stabilize it and pay down the mortgage for a while and reassess in the future what my plan is. 

You have $80K in your savings account, and you decide you want to invest in real estate.Knowing what you know now, what would you do with your 80K?

And preparing a building site and installing a driveway are further considerations if I even decide to build something there.

Also, in general, I wouldn't solely rely on a single source, rather: 1) collect feedback from various sources, 2) decide which components are the most critical for you personally, 3) weigh in on the pros and cons, 4) speak with all of the operators to add to the list of pros and cons, 5) and only then make an informed decision. 

Once I reached that, I worked towards a new goal of financial independence for all of us, in case I decided to stop working.

Build your systems first before you decide to invest though. 

Hey Phil, I remember that jittery mix of excitement and nerves when I decided to step up from the smaller stuff.. it can feel like you’re eyeing a big mountain and wondering if you’ve packed the right gear.

Hey James, I'm sure you've found a solution by now considering this post is 2 years old, but for future reference here is what I have found as far as software solutions for managing a handful of rehab projects at once.Construction/Rehabbing Specific PM Software vs Generic PM SoftwaresWhen choosing your software solutions you will need to decide if you prefer a house flipping software that is specifically built for managing a house flipping business or use a generic project management software.  

Have you decided on which neighborhoods you want to target?"