Affordable turn-key multi-family properties do not exist, so very much open to the idea of a rehab/value-add to build instant equity. 

Looking forward to connecting with you. best strategy I've come up with after 10 years of experience in columbus is to build new construction multifamily with equity. 50k land purchase, 10k soft cost / rezoning / permitting, 300k hard cost, refinance and is worth 500k. build - Rent - refinance - repeat. if you want to buy old properties I would but no agent is going to stay on with you and you only get some diluted version of what they call a contractor who probably isn't licensed.

I dont think you have enough equity to refi and consolidate the two. combining them puts you at over 96% LTV. cash-out will likely max you at 75% LTV of the $450k, so raising your rate on the bulk of the debt probably is not the move if you still have to bring in $100k to do so. is your 2nd going to balloon soon?

What’s most important for me is really just trying to get my skin in the game with as little seed money up front as possible until i get on the positive side of the flip, I have everything ready to flip a house in a month but with people getting cold feet when I’m ready to pull the trigger it makes it hard to be able to build trust and start making headway!

Your insights on leveraging equity to speed up the journey to financial independence totally make sense.I'm also focusing on the Texas, Washington market, drawn in by the tax benefits and promising opportunities.

Now the really specific part is that it is in a retirement community, if anyone can share both negative and positives of renting there, it would be greatly appreciated.

Do whatever it takes to use OPM to snag cash flowing RE and keep recycling equity to buy more and more properties.

I have a property in mind that's not on the market yet, that I'm thinking I might buy and position for a CHA tenant. 

If our rehab/the appreciation of the next few years raises the property value to the point where we'd want to pull equity out of it to use toward a subsequent rental, would we be able to on a DSCR? 

How much EQUITY does he have in each one?