That will leave you with limited funds to actually purchase the house.

They actually have pretty limited reach as of now and focus primarily on major metro areas.

Transfer it into a Roth IRA 6.5k as you are able (IRS contribution limits will make this take a while).  

Is there a housing shortage or is there really a problem with the BARRIERS caused by productivity, land use, zoning and mandates that limits construction?  

With limitations on court operations, no evictions related to non-payment (COVID-related or not) can be pursued right now, and likely for several months.

Limited partners usually cannot coattail REP status.

Most investors focus on what can they buy now with their available capital instead of simply what is the best investment for their capital without limitations. 

@Devon Shives,Your situation has a lot of potential, but here’s a thought: A cash-out refi could work if you’re confident you can use the $30-35k effectively for your next property, but the higher rate and payment might indeed limit your borrowing power for another mortgage.Consider these alternatives:1.

I agree with @Ali Boone that turnkeys can be a great option for new(er) investors, particularly those with limited time and expertise to tackle more hands-on approaches.  

We just discovered a crack in the concrete slab foundation that is a borderline major problem:- It is a vertical crack about 1/8 inch wide that is at least 9ft long, which is causing a 3/4 inch drop in the flooring and some evidence of old (luckily) limited moisture and termite intrusion. - BUT, it also appears old and probably a symptom of the original house settling.