If the funds are accessible, you should consider rolling them over to a Checkbook Control IRA/401k that allows you to invest in real estate within the plan, rather than withdrawing and getting hit with taxes and penalties.

Would like to purchase a GT-R or used McLaren 12-C by spring if I hit my goal of rentals by then.

Here are a few options:1)HELOC for repairs and flip it for profit2)HELOC for more rentals and hold current to pay off HELOC3)Seller finance to reduce tax obligation and receive. a large enough initial downpayment from buyer to use FHA for a primary4) Hold and use cashflow with the specific intent to invest all residual income5) Sell and take "Capital Gains" hit but purchase another property to help offset it6) Transfer deed to an LLC to remove it from Grandma's name (this opens another door of possibilities but may trigger tax increase due to transfer of ownership)I can go on, and others with different approaches can add to this list as well.

Your best bet will hitting the streets and looking for distressed properties in person.

I use an A-E scale for both the location and the property itself.A = Built in the last 2 years, top of the line building and amenities in the wealthiest areaE = Looks like a direct hit from a bomb in a war zone area full of crimeThis can be very subjective per investor, Im just giving a rough example.

Doug - Hit me on IM, i can provide my handyman details.

Eventually you’ll likely have to go this route (or Private money) route once you hit 10 loans

Short term is to get a 9-5 on graduation to carry the income until we hit a number where RE can become the primary gig.   

Also, hit me up when you get in Omaha.

I mean we lost about 20 thousand houses in Wild fires last 3 years.I say we because I was born and raised in Northern CA and Silverado Country club got hit and lived there for 10 years 30 to 40 of my fellow club members lost their homes these are all 2 to 8 million dollar homes.they are now left with lots that take thousands to clean as they are toxic hazards.. and what i see is many even though well insured and many had their homes paid for.. they are just taking the insurance money and put the lot up for sale.. so we made an offer on a few lots in the 500 to 600k range with the idea to build a 3k sq house that will sell for 1000 a foot. so 3 million.. over in Coffee Park in Santa Rosa were 6k houses burnt down.. same thing many are not rebuilding this is basic starter housing in N Ca at 650 to 850k.. so lots there are selling in the 150k range.. although we believe there is going to be a flood of lots since many are taking their money and moving on..