After the loans are eventually paid off, then add that to your investment plan.

Specifically, it's much more low key and much less to do. 

I plan to do my first few flips locally but I'm always trying to look ahead and plan for my next move.

So excited to have my first property and I plan to hold for the long term.

How many specific questions did you ask?

if you plan to use it as a 2nd home as well as lease it out, conventional loan will allow you to just put 10% down. 

Since the start of the year, I've read a handful of BP books:- Rental Property Investing (Brandon Turner)- How to Invest in Real Estate (Brandon Turner/Josh Dorkin)- Investing in Real Estate with No (and Low) Money Down (Brandon Turner)- BRRRR (David Greene)- Multifamily Millionaire Volume 1 (Brandon Turner/Brian Murray)- Start with Strategy (Dave Meyer), currently readingI was thinking of using the equity to BRRRR small multifamily properties and combine some concepts from both the BRRRR and Multifamily Millionaire books (specifically making cash offers via HELOC to secure distressed properties, ideally vacant to set market rents).

I agree that the AFB and Trinity add stability to the area specifically around Minot, but I am always fearful of a reduction in the Air Force presence here. 

Be very specific about what needs to be done to avoid any surprises later.Following this process helps ensure that you don’t underestimate renovation costs and can plan your budget more accurately.

My friend and I plan to partner up for this REI journey.