Only wishing we would have gotten started sooner!

This added about 1.5 weeks to my timeline and if my tenant was able to move in sooner it would have been lost rent money for me.

OR I could sell my current house or do something like a HELOC to have more of a downpayment.Given my situation, would you suggest waiting a few more years to keep saving for a downpayment and paying down my current mortgage, or would you suggest looking into buying a new house sooner but putting down a downpayment less than 20% and having to pay PMI, but that's a longer period of time that renters would be contributing to paying down my current house.

Also, Bigger Pockets has a pretty active Texas forum if you ever want to post there (sorry I didn't catch this post sooner).  

I am trying to decide if I should keep this as a rental with the option to take out a HELOC in a year or sooner, or if I should just sell it after slowly renovating for 6 months-1 year.I'm a little confused as to how capital gains taxes will work if I sell.

So if that’s the case, then go toward what you really want.There are plenty of multifamily investors who started with SFRs, myself included, who will tell you that we wish we had gotten into multifamily much sooner.

My thought is to pay them off sooner to reap the benefit of greater cash flow later.  

.- Additional amenities are included in your common charges/sale. i.e. laundry, gym, parking (sometimes), storage, etc.Cons- You have little/no control of the common charges. - Condos oftentimes require 20% minimum down payment.- House rules/by laws are subject to change.- Management company may need to accept any prospective tenants giving you less control over the tenant selection process. 

You also have enough funds to do an FHA purchase and some rehab work and potentially refinance out of that loan if you want to leave sooner. 

If it’s starting to crack like dried rubber does, it’ll need to be replaced sooner rather than later, but not an immediate problem.