All Cash Flow Vehicles High Dividend StocksStock OptionsMortgage NotesReal Estate Debt InvestingLong Term RentalMid Term RentalHigh Yield Savings AccountI had the same amount after I sold off most of my rental properties and paid everything off, now I do all the above. 

This isn't my specialty but just my high level understanding.

@Alecia Loveless Also with a good job, doesn’t have to be high paying just has to be consistent and long term.

I have not taken their training or commenting about the quality of their program but just saying most real estate courses are just upsells - its the entire model. 

Home prices are high here so I'm really leaning towards investing out of state or in a different part of Florida to create cash flow vs. buying a personal residence and starting my savings over from scratch to invest.Don't get me wrong, I really want to buy a place of my own that I can live in but the math is making a bit more sense to me if I invest first.

I would definitely get another quote for the work as that sounds high but would be a permanent solution in place with peace of mind moving forward. 

I highly recommend that you read The ABCs of Real Estate Investing by Ken McElroy.

That means that I keep reserves of $10k to $20k and I make my deductible as high as possible (something like 5% of the RCV or $20,000).  

find markets with high barriers to entry like miami. 

For investing with partners and liability, I highly suggest using a DSCR loan and borrowing within an LLC.