Your cash flow would go to a maintenance fund, and could also be saved towards the downpayment for your next investment property.

For some unknown reason you were tested today, you saved a fellow human's life, and showed what you are made of under pressure.

We both work full time, so I think the downside I need to consider would be a slow down to our ability to save and calculating the opportunity cost of our savings.  

I saved $12k in realtor fees.

We are looking to start financing so we can increase our inventory and maximize buying power which leads into my question.

During that time we will save up and purchase another property strictly as a rental property.I will send updates as we move forward.

If I'd have called my landlord a couple years earlier and found out he was interested in seller financing I could've saved a third of the price vs. waiting to ask about buying it 'til my self-employment and rental income made me able to obtain conventional financing.

@Royce Hodnett no 1031 yet, one refi, the rest of the capital came from flips, cash flow, and savings from my W-2.

Currently I have a good amount of money saved up (I believe) to start.

Fill up your thrift savings plan each month.