Looking for input on my little dilemma.Facts:-After last house hack flip, we bought a small builder home with the intention of keeping it as a long term rental after we lived in it while searching for the next project. 

Things that successful investors also do.Construction and project management also present opportunities and experiences that would prove beneficial as a full-time investor.It really depends on the individual.

I would look for reno projects to create equity and hopefully in a bit you will have the equity to 1031 into something like that.  

(Unlike those great projects like the Big Dig in Boston, which had permits out the ears, and was inspected a million times, and still turned out to be crap work.)I think of Georgia as a relatively free state, but then I think that about Arizona, too and found out recently that you need a license there to be a painter.

So if you are into doing some projects yourself, it may make sense to refi and pull out your capitol.

Check your local planning and zoning to see what projects are already slated today and in the future.

Perhaps decide how much debt you are willing to consider for your next projects.

This is why Brandon Turner always talks about putting PM fee in your projections before buying properties, so you don't get stuck later.

Should we proceed with this project? 

Your education will be priceless and if the project makes money thats icing on the cake.