I have a couple of residential development deals I'm juggling right now and so not in a position to take anything else on at the moment. 

It is a lot to juggle. 

Sorry I would go into more detail but I am trying to juggle a million things in a short amount of time but was hoping to hear your thoughts. 

At least until you get your feet wet and you aren't juggling work and school. 

Many people juggle lines of credit to meet current obligations.

@Forrest Brown,In addition to the other advice and variables you're juggling here, you should know that California makes it a little more difficult to sell and 1031 exchange out of state. 

You're juggling personalities and people moving in and out at different times.  

and then use the bulk of your proceeds to purchase the second house with less debt that is higher interest.It's a juggling game. 

I was thinking if 3 of us shared one, it would cut down costs and provide each of us that additional support we may need to juggle all of our tasks. 

Managing multiple properties does come with its own set of challenges, like juggling different maintenance issues, taxes, and possibly even varying market conditions if they're not all in the same area.Here's where your financial goals come into play: Are you looking for a more hands-on investment with potentially higher cash flow from the get-go?