Matt - thanks for the post I would recommend getting an owner occupied purchase loan for the new property you plan to buy ...this will allow you to get best rates available I would also recommend doing a  " cash out " refinance on the  free and clear rental  in order to obtain  a larger amount of  cash / working capital  for your  projected  plans  ......ideally a heloc  program would be best to set up but most lenders / banks wont  allow a heloc on a rental  property so you would likely need to  use a straight 30 yr fixed loan ..adjust the loan amt  so that the  cash flow you end up with is acceptable for you

Familly and friends can use their SDIRA, 401k or pension and make good returns while they are funding your projects.

However, A General Contractor will be required on all renovation projects over $25,000.

Due to some areas not having rent control, the cap rates that they are trading @ can be extremely aggressive, I have seen as low as 3% based on pure speculation and projections.

Matias, I have a guy that I have been using for my AmeriDry projects.

And am currently in the process of finishing/liquidating my current projects to start investing out of state again.

You will need to know that information when you go to refinance but if you don't have that information, you need it now in order to properly plan the project.

Heard of Project Destined??? 

I don't suggest putting all of your cash in one project, rather find some lenders (feel free to PM me, I can help with this as well) that can do loans based off of the property itself and not your personal income/assets.

Obviously we typically talk about brrr as finding a distressed property and making sure that all-in with rehab costs, the project costs around 75% of ARV in order to do the cash-out refi after seasoning.