Save all the cashflow from the rental and within a year or so you will have enough to purchase another home with 20% down.

And also, what about buying in an area that allows for non-owner occupied STRs, so you can Airbnb or short-term rent the place when you move out?

If I could collect the amount t of money people on BP spend for belts and suspenders for so called corporate protection and confidentiality I would be a billionaire

So question is... which of the following is a more solid plan?

Because even if it's a more expensive market, you're house hacking, so you're going to be subsidizing your living expenses anyway.

As our beautiful city continues to grow, so does the demand for housing, jobs and investment opportunities. https://tinyurl.com/256w4aau#PanamaCityBeach #RealEstate #InvestmentOpportunities #Growth #HousingMarket #PCB

So your gain would be 600k - 500k. 

What’s been the biggest lesson from your flips so far?

I work at a medium-sized wholesaling company and comp off-market deals 24/7, so I can speak for Propstream as a non MLS User with 3 years of experience on the platform. 

IF it's a rate & term refinance, we have no seasoning what so ever.