folks - I am unable to find profitable opportunities after factoring in all costs including property management and taxes in NJ in desirable areas.

I plan on using the rest of the equity in my first home as a line of credit to help fund a second rental in a BRRRR strategy or a flip.

@Lawrence Patterson As sure as I am breathing I am certain that if you find a deal you can find someone to fund it.  

When you invest with them are you the sole owner of your note, or are you pooling funds in a single note?

Upon this , he said I have a place, the man had just gotten out of the hospital after 7 months and the estate was eating out of his retirement fund with taxes.

(Because, THAT'S what Brrrr is all about).My original point was: however much cash your Dad has, if HE can't fund the remainder via a Lender - then neither would you be likely to! 

I have considered turning this into a rental and holding it for a while but I would have to come up with the funds to buy out my siblings since they are not interested in being landlords.

This funding source gives you unlimited use of the same funds, over and over, to infinity, but you only have to pay for it one time.  

Realistically I want to flip year round, but I want to have enough rentals under my belt that surpasses my W-2 income so that I can use flipping money for funding....or travel!

Just last week an alumni stopped by who is working on a 80 million dollar international real estate development project of his own where he got funding through investment firms.