I am not one to use a HELOC on my primary to invest .

Hello, I am planning to buy my first investment property within the next 6 - 8 months.

We are brand new to real estate investing and are not sure how to go about this deal.

Any thoughts on what to do and the smartest way for us to start doing some investing from this?

Investment Info:Single-family residence buy & hold investment.

Should I focus on out-of-state investing?

My investment company has one property in the middle of a rehab right now, so our assets are all tied up in it but the opportunity is now.Ideas?

Flooring: A lighter or mid gray lvp to compliment (~$3 sq ft material) Cabinets: White shaker style (Lowes/Home Depot, Readily Available with little lead time) Countertops: White Quartz with black veining to match black matte finishes if the return on investment is there or just a nicer laminate (calacatta marble natural stone look)Finishes: Black matte for a modern look or the classic brushed nickel.

If I were you and could do a refinance and get all or most of my investment out of the property, I would hold on and wait for the market to come back next year.You can get up to 80% LTV on a DSCR Refinance.I assume you are using a Property Manager, I would take a little more control of my future tenants and call their previous landlord to see if they made any repairs to the property while they were there, how many time they were late on their rent, etc. 

The return on investment will come a bit later down the line as you free up your time, focusing on higher leverage activity and having all these extra qualified leads coming in.