Something has to give: your RE side hustle, your regular job, or your family.

Strong appreciation and cashflow but you will most likely have to lower tenant qualifying standards in these areas and put up with a little more headache in the short term.

I landed a qualified tenant within a month (not from Zillow) and was able to prelease for a May move in with only a few days vacancy (for turn).

As a resident and residential investor of DFW for the past 23 years I agree with everything said here and it's all good advice.I'd like to add one "key factor and risk" you asked about.

If I decide to go with option 1, I will have to borrow the money for the renovations at my primary and it may make it harder to qualify for a loan given the little or no cashflow.I appreciate any input.

Simply holding a property for 12+ months does not guaranty anything in terms of qualifying for an exchange (although holding any given property for 24+ months and renting for at least 14 days per year does guaranty the IRS won't challenge you under Rev.

Primary residence is valued at $1.8m with 10 years and $400K left on a 1.875% 15 year fixed rate mortgage.

Me, for example, being transparent, I only have the ability to use a hard money or private lender, but that is about as deep as I can go with my ability to buy right now until I can get my credit score up enough to get qualified for conventional funding too, if that's what I choose to do.

For additional context, we don't think there much leverage in our primary residence as the LTV is 80%.Does anyone have any suggestions on how we could leverage our investment property?

Investment Info:Single-family residence buy & hold investment.