We estimate having about $100k in equity, $72k remaining mortgage ($375/mo) and an estimated value of $170k+, granted, in this insane market.Comps in our area are renting for $1500+ per month (we’re within walking distance of a university and booming downtown area).I feel like we’re in a great position to convert to a rental and leverage our equity but I’m not sure how to approach the conversion of our current home and acquisition of our next.

If it cash flows, you can afford to keep it forever.The people that eventually get killed are those that speculate that appreciation will bail them out. 

I want to break away from shift work completely and eventually become financially independent and invest in real estate full time.

Long term goals include saving enough from wholesaling to purchase a MF, and eventually retire from my 9-5 so I can spend more time with family. 

Long term goals include saving enough from wholesaling to purchase a MF, and eventually retire from my 9-5 so I can spend more time with family. 

Long term goals include saving enough from wholesaling to purchase a MF, and eventually retire from my 9-5 so I can spend more time with family. 

Goal is to eventually be able to leave my regular 9-5, but not 100% sure yet if I will want to do flips or get rental properties, or maybe a mix of both.

Also, many of the other rentals have converted to Airbnb.

Also, rents go up, so eventually you wont be subsidizing the payments. 

DC zoning guidelines are a lot more permissive for two family rentals depending on if you want to convert into a 2 unit or go the ADU route.