But not with credit card debt, a financed vehicle, or without reserves in place. 

Real estate is one of the best investment vehicles known to man but it still involves risk and you still need to make prudent decisions if you want to ensure success. 

Buy next rental property to add in your Portfolio 2. buy business vehicle (even if you don't have llc ) 3. upgrade/ reinvest in existing rental properties 3. any other suggestions ?

Because you aren't selling, your tax burden is much lower AND you aren't constantly looking for the next deal because you just sold your last good dealIn the end, both are great vehicles for long term wealth, just depends on your interest level, time frame and ultimate goals.

My overall financial goal is to hit Coast FI in the next 10 (preferably 5) years and my main vehicle for that is real estate - hopefully STRs. 

The order I want to go in:A) cash out refi on current primary houseB) purchase investment houseC) purchase vehicleD) purchase new primary residence E) purchase next investment house Thank you so much in advance for any input, Hudson

@Mike RiceSome of the costs that you mentioned may be eligible to be written off / capitalized at the time of purchase.I.E. driving your vehicle to drive to locations to see properties.Unfortunately, the miles driven aren't counted as a deduction at the moment since you are not considered to be in the business of real estate / rentals.

My interest rates on the vehicles and loans are pretty low, so I don't think it makes the most sense.

.👀 Here are the top 10 reasons why real estate syndication is a great passive investment vehicle.1) Diversification2) Access To Large Investment Opportunities3) Ability To Invest Completely Passively4) Tax Deferred Status5) Forced Appreciation6) Risk Reduction7) Economies of Scale8) Consistent Returns & Historically Less Volatility Than Stock Market9) Leverage10) Great Inflation Hedge💪I'll be taking a deep dive into each one of these reasons separately.

I called my Insurance co. that covers my other homes and vehicles and asked point blank if they would cover my STRs as a vacation rentals business.