(Yes I know there are other restrictions/conditions.)In the past, I have toyed with the idea of a vacation/rental property in Ocean City, MD, Rehoboth/Bethany/Dewy, DE, and/or the Deep Creek Lake, MD area (I like the idea of being within 3 hours of the rental property in case something goes horrible wrong and I need to travel to the property). 

My wife and I currently have 2 single family long term rentals and would like to add this to the porfolio due to their 3% mortgage and high equity.

I am currently looking to purchase an investment property.

I am currently a utility engineer making over 100k/ yr, should I consider pivoting into the developer or construction management space for experience?

I'm looking to rent to new teachers and health professionals and my thinking is that besides nurses, most have a master's degree or are currently working on their master's degree.

Verse a cashout refinance where you'd have your new higher rate on the total amount (Current 1st + New Cash).- This unlocks cash to allow you to buy a new larger home for your growing family(congrats) with 5% down (Since it's a primary residence)- This allows you to exit the current home and cash in on the $600 cashflow differential(minus the monthly payment of the HELOC, minus maintenance and plus tax savings ).Could be a strategy that works well for you, please feel free to reach out if you want to talk shop and run the #s.Zach

I'm simply offering an alternative viewpoint based on the current market conditions and the heightened competition.It's easy to tell people to put sticky notes on someone's door, but what is the true cost and benefit? 

We am currently rehabbing our home to possibly sell or get a HELOC on.

As both a licensed Real Estate and Mortgage broker I always try to provide my client with at least one lender appropriate for the clients investment purposes and recommend they check in with their current local banking relationship (if from out of the area) for reference. - Pre Approvals & Loan Commitments.

I am planning on being married in the next year and a half and my partner and I are currently saving up money so that we can start investing in real estate, we are targeting fall of next year to start and should be able to have $80,000-$85,000 to invest.