If you guys are looking to scale then sure sell and reinvest.

As usual, it depends.Does the 80 unit deal have better economics due to scale and ability to potentially support an in-house leasing and maintenance person?

I am 47 and just getting started (although I did own one out of state rental from 2005 to 2016) but never scaled.

I am looking to scale up to something commercial in that area. 

You SHOULD care.I owned some businesses when I was your age.I had a car audio shop.The key to any business is that you are passionate about it.If you aren't passionate about it you will not get the stellar results you are seeking.For most businesses 20,000 is not that much for start up.The number one reason for business failure is under capitalization followed by mismanagement a close second.There is a difference between working IN your business and ON your business.Many small businesses such as restaurants,coin laundry,etc. are owner operators.Meaning they make it run day to day but it is not scalable since YOU can only be in one place at one time.Smart operators learn how to scale the business by putting systems and people in place.By doing this you can grow your business and work on it and not in it.

As a matter of fact, it is the main reason why I think it is difficult to scale a construction operation in this state.

I have an extensive background in home repairs and construction in general but lack experience when it comes to estimating larger scale jobs.

I dont expect the loan to fund such luxurious item like the example you mentioned but i do expect the basic of appliances like dishwashers, ranges,washing machine and the likes would scale through

I did not do this when I started because I was not thinking long term or large scale. 

Because of certain securities laws and laws pertaining to accredited investors I am worried I may not be able to scale as quickly as possible.