Buy another property I have an eye on in my target neighborhood for 90k with 20k rehab. it cashflows well and I would use the sale proceeds to cover the property, then refinance after rehab and pull out money again for BRRR. property would build about 35-40k in more equity following rehab in addition to the good cashflow.option c: 1031 into multifamily or larger property find a 600k property, put 150k into property as 25% down, mortgage the rest.

But, remember, your basic assumptions should have a reserve for OpEx (routine maintenance stuff) and CapEx (larger ticket items that are depreciable).

I've heard all kinds of stories about people finding interesting things in their walls and under floorboards when renovating. 

I'm not certain that this deal would work from day 1, especially with the renovation timing.

I understand why an investor would pull out all of their equity to buy a larger property to generate momentum/wealth.

It might make it easier to get a larger loan next year by not taking those mileage deductions.

@Joshua GalupI am not aware of any PA law requiring a minimum on an investment property purchase.It is likely a requirement of the lender.Some lenders do not like to lend on small amounts because it takes the same amount of work and time to finance a larger loan. 

I’m renovating a property and need to get a set of sliding doors replaced.  

I will be self-managing the rentals, renovating/updating when necessary, handling all tenant affairs/calls/etc, and physically maintaining the property - however I will be coming in with little or no money. 

My target is one new property a year for the next few years as I gain experience in managing renovations and tenants.