If I am living in Columbus, I will just buy directly across high street for some old houses.

Also, if I was to take out $50k from the first property to put a 25% down payment on the second house, would there be an easy way to tap into the rest of the equity in the first house if I wanted to take another $50k to buy another house in the future? 

Purchase price: $127,000 Cash invested: $20,000 Off market deal from a relationship when tenet left aesthetically rehabbed the house and is now cash flowing rental.

However, don't know why you'd want to take the risk of putting a Section 8 tenant in a Beachwood house.

Personally I would look more into #2.

Option 2: I found a house that the asking price is 930k , but I’m sure I can get a discount on it because it needs a lot of work , it doesn’t qualify for traditional financing , so I would need to take a hard money loan , it needs about 150k worth of work , the plan would be to offer the full 930k asking price but ask for a 6% seller concession , I calculated 20% down payment and 7% closing cost , so total after seller concessions comes out to 21% down payment which is $195,300 .

The primary reason a lot of people move on to bigger deals (80 units plus), is that it's possible to own larger properties in markets that make economic sense but may be far from where you live. 80 Units seems to be the target so you can hire your own full-time property manager and maintenance person, versus relying on local property managers to manage smaller multi-family properties on your behalf.

I bought my first investment property that is currently cash flowing well I have talked to my bank and they said I can pull $100,000 of equity out on the house.

We are currently looking into buying a house in San Antonio which will be our base and from there we can venture into other areas and find good deals.

(outside of going after your personal assets) Banks and financial institutions are too smart to be putting themselves in this type of scenario.