Seems simple enough 

Securing 2nd position financing is difficult, and increasingly so when the property is already levered at 70% LTV as your example. 

You just have to increase the equity enough that the new loan will cover your previous acquisition cost+ expenses.so you can get all or most of your money back out to go do it again.

There's no margin for vacancy, a major repair, increases in insurance or taxes. 

I study this fundamental question here and come to a conclusion based on a simple distinction between two types of contracts: contracts to produce new goods or to provide services;1 and contracts to convey existing goods or other property.

I understand this is not an easy task as the price in those areas are increasing, but we're trying our best to keep the maximum budget at $500K for the primary residence.- We have started the pre-approval process with a lender and have a realtor we're working with to purchase the houseInvestment Strategy:- Aim to maximize cash flow while seeking appreciation.- Ideal cash flow target is $2K+ per month.- Planning to allocate the remaining $250K towards purchasing two properties in the Midwest market (e.g., Cleveland, Columbus, Indianapolis, Kansas City and open to exploring new areas where the entry point is affordable but the cash flow is stable).- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?

We are doing everything we can to hold off until then but with the increase in taxes, insurance, and debt; it's really getting difficult to be able to wait it out.

There are many variables that affect closings on condos here in Miami-Dade County, such as condo riders, anticipated insurance premium increases, etc. 

Advani emphasizes the importance of market research, including analyzing historical data and predicting future trends, as a foundation for any investment decision.The Role of Property ManagementEffective property management is key to maintaining and increasing the value of real estate investments.

Conversely, a cash-out refinance involves replacing your existing mortgage with a larger one, providing a lump sum in cash but potentially increasing your monthly payments.