I figured if I get a decent deal on a turnkey property that has at least 3 bed 2 bath I can prob rent for 2k a month give or take depending on the amenities and make decent cash flow. anyone else have any experience with renting single family rentals in this area?

After doing that and moving to the new place, and renting out the old place I would get a second mortgage or HELOC on the old place and get about $45,000 in cash and maybe buy another place.

THEN you have to support yourself while you are working on your first deal. 

Majority of the time rental properties are not something that will have an immediate return, putting lots of cash in your pocket.

Been looking into building out an IDX lead generation website and I stumbled upon software called Mashvisor, it claims to integrate into your IDX website and calculate Cap Rates / Cash Outlay, Etc etc.

I spoke to another guy at a conference who used to build 1-3 units before doing commercial and he said he wishes he still did the single family because it generates a lot of cash and is pretty simple. 

It’s not sexy like downtown high-rises, but the numbers work—steady cash flow, lower entry costs, and tenants who stick around.Take this: a rural county we’re in just saw a 10% population bump over five years, yet multifamily stock barely budged.

My question is, do I just not touch the first property, use the cash flow to reinvest and pay down the mortgage or save up for a downpayment down the road OR do I pull cash out of the first property to buy the next property?

I am looking to do a few cash purchases/rehabs in the area and I wanted to get your feedback.

Great way to get your money working in a variety of real estate asset classes without the huge cash outputs typically needed.