Along with the pay down of the loan, we have enough equity to refi cash-out and invest in additional properties while continuing to stabilize our current property through increased rents, utility billing back and additional units.Question: Currently, we have an owner-financed loan at 4.6%/20 year 5/1 with a balloon 07/2022.

If this trend continues, we hope to sell for around $650-660,000 in 2020 when we move to our next duty station. 

I will also continue reviewing and looking for seller financing opportunities. 

I will also entertain a 2/2 with at least 1,300 sq ft because it should be easy to add in a third bedroom.Big takeaway and questions you should answer to continue your journey:Why do you want to flip?

The current government is doing what they can to encourage growth and prosperity in the area as well.Downtown and Notre Dame multifamily does concern me currently, I think they are building far too much premium (A-Class) stock in the area right now.

Business growth has been successful way beyond what I imagined but word spreads quick in a small market like ours.

If it's a business and you are in the growth phase then you may want to minimize equity, while if it is more of a portion of a diversified portfolio, you may want to keep more equity.For example, I am in the growth phase of REI, with it being more of a business than a portfolio allocation I add to slowly, so I try to keep as little equity in a deal or property as possible while still hitting a minimum cash flow value, thus maximizing Return on Equity (RoE).

Buy what makes sense for you in the CURRENT market; those who roll the dice looking for appreciation, or buy high today hoping the market will make that below-average investment a prize winner seldom last.Remember, "prices will always continue to go up, they never go down!?!

When you have such a major area like the Bay Area and Sacramento regions within 2-3 hours drive and lots of high wage earning individuals in those markets I would believe they will continue to vacation there.

I still know lots of people that continue to invest in CA too.