Can you share where your next source of capital is coming from that you already have the funds to purchase the next one?

That might be one way to go if that is your only source of cash to start your REI.Also, some plans let you borrow against your retirement account so you aren't actually penalized (by the IRS).Good luck.

Will I need to buy new window units with a heating source or can I provide future tenants with space heaters?

., cash out 200K, buy a 2-plex for 200K for "cash" to make up for the negative CF of the source asset. 

Developing systems to source solid off market deals will help open doors to other things you need to ultimately be successful.

If you want accurate advice then you need to be truthful starting with yourself and then be willing to make the effort to include in your posts the critical information that will bury you.

If you are wanting to take the money and pay off debt incurred while purchasing/renovating the property then you should do a cash-out-refi.... if you are wanting to take the money and use it as a short term asset source (such as using as a down payment on the next BRRRR deal) then you should get a HELOC.

To get started, I've decided to build a strong educational foundation as I believe this will be critical to my long-term success in this industry.

To get started, I've decided to build a strong educational foundation as I believe this will be critical to my long-term success in this industry.

Quick phone call and you get it directly from the source.