Here are some considerations for each option:Option 1: Using the HELOC for a down payment and renovation on a second property to rent:Pros:You can leverage your existing property to acquire another investment property without selling your current home.Rental properties can provide a steady income stream and potential long-term appreciation.You can use the HELOC funds for renovation, which can increase the property value and rental income.Cons:You'll have to manage the property yourself or hire a property manager, which can be time-consuming and add to your expenses.There is a risk of vacancies or unexpected maintenance costs, which could impact your cash flow.You'll have to pay back the HELOC, which will increase your monthly expenses.Option 2: Building a new house in a new community and selling it for a profit:Pros:You can potentially make a significant profit if the market is favorable and the property value increases during the construction period.Building a new house allows you to customize the property and potentially attract more buyers or higher rents.Cons:This strategy involves a higher level of risk, as you're betting on the market to appreciate in a relatively short period.There are many unknowns and potential delays in the construction process, which could impact your timeline and profitability.You'll need to have a good understanding of the local real estate market and construction costs to ensure that your project is profitable.Before choosing either of these strategies, consider the following:Research the local market conditions in Chandler, Arizona, to understand the current demand for rental properties and new construction homes.Consult with a real estate agent or investment advisor who has experience in the local market to get their insights on the best strategy for your situation.Evaluate your financial situation, including your income, expenses, and risk tolerance, to determine if either strategy aligns with your goals and financial capacity.Consider the tax implications of each option, as this can impact your overall profitability.Create a detailed financial plan for each option, including projected income, expenses, and potential risks, to help you make an informed decision.Ultimately, the best strategy for you will depend on your unique situation and goals.

I feel the same as he does.Here's what helps me in those situations...figure out the plan if things don't go according to plan. 

I'm soon to be leasing the PA farmland to a solar company on a long-term lease (more yearly than my W2 job, and 3% escalator, compounding).With such an advantageous situation in PA, I want to be able to maximize my potential.

Things may get a little more complicated depending on your specific situation, but that's kind of the general idea.

If that scenario doesn’t include financial suicide, bankruptcy, death, or something similar, then knowing that I’ll be ok in the worst situation helps with pulling the trigger. 

Our goal is to have multiple properties with positive cash flow over the next couple of years. thanks in advance!

Multiple rental apartments under one roof are provided by multifamily buildings, such as duplexes, triplexes, or fourplexes.

There are deals out that make sense with 7%+, but not so much for a duplex.Refinancing a few years after purchasing can make your numbers look better if interest rates drop or your financial situation improves, allowing for a better rate. 

In my situation, a professional clean up crew repaired everything and also didn't find any mold inside of walls before starting the cleanup and new flooring and dry walls were installed and it was over ten years ago.

(Make sure you have vacant property insurance, standard insurance won’t cover an unoccupied property for very long.)As long as you haven’t used it personally I’m sure there we situations where you buy a property (imagine a very run down unlivable property) for the land or the possible appreciation.