my first thought is to use the 75k heloc to BRRRR as fast (and as well) as you can in a low cost market!

We have good steady W2 income and great credit scores.

The downside is that I currently have low 3% interest rates and the properties are generating good cash flow.Any advice?

Buy and hold in one of the A class areas in Baltimore, if you are going to do Baltimore, it’s the only part of the city that has growing population, and rehabs are extremely tough right now especially with no experience, I’m doing one right now on the eastern shore, basically cosmetic, was built in 1994, systems, plumbing etc in good shape, labor is even less than Baltimore, gc-ing myself, still running me 70k, materials are insane right 3bd 1ba, mid tier Lowe’s stuff (I’m even putting in a shower insert, no title) is running over 30k.

Typically some terms you might see are minimum 660 credit scores, up to 90% loan to cost (LTC) and 100% LTC on renovation up to $250k.

At least in our market, we've already had a correction that appeared to bottom out in Q1 of 2023 when sentiment was at an all time low. 

@Andrew StouseI had 25k to my name 9 years ago and lobbed out a low ball offer that was accepted.

With a mediocre credit score.

You need to start building credit.

I'll play devil's advocate, at that price you might as well invest in multifamily units. 3-4 unit properties are selling in the low $200K and with an average rent of $700/unit, you get better cash flow and spread out risk (1/3 units vacant versus the house 100% vacant.)You do your inspections and make necessary improvements upfront to offset the risks with buying a "used" property instead of brand new construction.Alternatively, how much of a price difference between new construction and a remodeled home?