Welcome to the community and be ready for a huge amount of information at your finger tips.

@Raj Vardhan - we can Refinance your equity out as soon as the property is deemed "tenant ready". 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

They’re generally easier to manage and can help you gain valuable experience in property management.When you’re ready to scale up and try strategies like the BRRRR method out of state, it’s crucial to have a strong local network.

Would you mind answering my question at the end of this paragraph (2nd to last sentence) sorry I typed a lot of other stuff you don't need to read..I never would have thought a conventional loan at a big bank would have such twisted fine print.  

Happy to be here and ready to learn!

This is why I always advise rehabbers (per my personal experience) to have their own contract ready before work starts.

Are you thinking more value-add properties or rent ready?

I have a one year background as a general contractor but decided I was not ready yet so I decided to stop.

Once the investors are ready to move on, and many of my CA investors are tired of California for either price or political reasons, Austin becomes a market to move that equity into.