Good problem to have but I want to start paying off some of these loans to increase cashflow and make us impenetrable during a market downturn.  

We are just getting started in the world of real estate investing.

Where can I go to borrow money to give the contractor in order to get the project started?

That's a pretty nice layout to start with.

Read your original post to a person who started this thread. 

We feel like this gives us a pretty good background to start, but by no means do we think we know everything we need to yet.The area around UCF has improved quite a bit in the last 10 years and home prices have risen considerably, but it seems like there are still some promising areas to find deals.

As a reminder, bonus depreciation started to phase out in 2023.

Sometimes its easier to knock down and start over. :)

I have more questions, but this is where I will start.

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.