Sounds like you've got good velocity.

@Baron Heckling  You can check with local [people in your area who might be doing this, read up on the boards here, talk to someone at the city, realtors - make sure the market supports new construction pricing and the velocity of transactions as development does not over night so having a good idea of where the local economy is headed will be important to know. 

Most of my investing now is in safer velocity of money strategies in areas that did okay for me during the 2008 crash.From 2010-2012, I was just buying 2% rule cash flow rentals from out-of-state turnkey providers where the replacement cost was less than the purchase price.

@Amber Linthakhan another item to consider and mentioned in many earlier BP podcasts is the concept of the escape velocity or threshold, essentially it takes great effort to get off the ground but far less to continue once you are on your way. 

A mentor of mine long ago told me that one of the keys to creating wealth is "The velocity of money" (How quick are you recycling your money?).

@Flavio Espinal, search "velocity banking" here on BP and/or on the wider net.

@Christine Sparks, if you don't plan to pull the trigger for some time, do some research in to "velocity banking."

I am simply trying to increase the velocity of my money, so may have to look into value-add commercial stuff as well. 

If not, your returns would be even higher if you took the 401k loan and used it as the down payment for a 2nd cash flowing rental.Then use the cash flow from rental #2 to pay down the 401k loan.Or, you could then use the cash flow from both rentals #1 and #2 to pay off the 401k loan quickly, and then take another one to pay off the HEL on rental #1.Better velocity of money that way.

I look forward to engaging in this community and increasing the velocity of our money.