Doing that and continuing to pay down the loan should allow you to reset the equity at some point through refi or heloc and roll that into a new property.

From what I am reading/learning, I believe my goals best align with a buy-and-hold strategy for continuing cash flow (BRRRR?).

Barring something catastrophic, our prices will continue upward. 

I would continue to make your payments and leverage your lump of cash to purchase an asset. 

Ola Dantis There’s been a lot of development in The Washington and Benton counties of Northwest Arkansas going on and there still continues to be.

Likely 1-2 years as  long as you are frugal and continue to sustain a solid savings rate. 

Are you planning to run the facility or would you continue leasing it to the current operator?

I would like to continue purchasing properties as primaries with a 30 year conventional with 5% down but I know that many brokers have restrictions with properties 5-10.  

My goal is to buy an undervalued piece of property, fix it up, live in it and use the equity I put into it to continue investing in R/E.

Hopefully as I continue to grow and gain experience, I'll have something to contribute and give back to this great community.My wife and I are just starting out personally in investing with a BRRRR strategy.