I bet the DA starts looking into the timeline up to present day.

I've got some extra cash but I don't want to be cash poor with a new property with possible unforeseen issues.   

However it might not be the best bet for an investor...because it goes to every single door on that postal route.

Often I find through 1031 buyers poor planning they are overly rigid when they have 45 days or more and property expectations and then as the days wind down they swing way over to the other side of what they will accept.

Lastly, having a larger monthly cash flow, especially on your first property, will make it easier to build up a cushion in your rental account for unforseen large repairs or vacancy.I'l quickly touch on an angle I've used while acquiring rental properties, especially those in poor condition or those where the price is already reasonable for what it is.

Your best bet would be to call small local banks near the property and see if they will look at a reduced doc. loan where they don't focus on your W2 or credit depth. 

That said, your best bet is to get on the phone and start networking with contractors and looking at their work (go to their jobs) and finding out their pricing and what they are charging for the flips you're looking at. 

Ultimately, it makes little sense to sell the house you're in now for 850k if you're going to have to turn around and buy a house for you to live in at say 750k to 850k because thats where the price point is in your area for a home that you will be satisfied with.Your best bet then would be to stay where you're at and get a heloc and use that bo buy the 280k rental property. 

It really just depends on how much equity is still left after the cash-out that you already did.It sounds like your best bet would be to get a HELOC and use the remaining equity to buy another deal.

Realize, too, that fix and flippers tend to have cheap sources for this sort of thing and would not pay anywhere near what a homeowner would pay a kitchen fixing company.Your best bet may be to donate the cabinets and appliances to Habitat for Humanity.