I really think this strategy can work for anyone and can really help launch you off into the direction you want to go with real estate wether that be cash out refinance, HELOC, another FHA, conventional, BRRRR, large multi family , single family, arbitrage , STR, MTR, LTR etc.. 

I'd saying following your experience and scaling off of your flips would make the most sense as you can use skills/knowledge you've already cultivated.

The part I don't yet understand is that if I had a tenant paying my mortgage for me for years, and it ALSO gained equity, how I am so far off any ROI. 

So let’s say you invest $50,000 when you are 20, with an investment kicking off 8% interest, at 38 your investment will grow to $200,000, at 47 $400,000, at 56 $800,000, and 65 $1,600,000 (as long as you reinvest your initial investment’s returns).

I recently renovated a building downtown, and that investment paid off in spades. 

How much do you have to live off?

I'm going to R&D this (Rip off & Disseminate). 

The electric has been off so the sump pump would not be functioning. 

Hey Paul, I would start off with a turnkey or light value add duplex.

In order to get power ran back to our house, we had to get a structural report/sign off from an engineer.