With the current market, I will not be able to make my required cash flow after paying all operating cost including mortgage, vacancy, property tax, insurances, maintenance cost, no need for a property manager because I can manage it.

@Irving GonzalezUsually you have 4 options for leveraging a property to help pay for another: selling, cash-out refinance, HELOC, or a home equity loan.

Purchase price: $750,000 Currently operating as a 9 unit mobile home park with single family home

Loan includes money for the construction.

Conventional loan How did you add value to the deal?

working with the investors that I do they find that the financing options with new construction are fare better that most resale homes.  

At that time it was an area with homes that move relatively quickly and a low enough price point with the rates to make it appealing to buyers.

You definitely want to check with your CPA, but in my state, if you lived in the home as a primary residence for 2 out of the last 5 years, you will not have to pay capital gains tax and can roll that equity into your next property.

Myth: Getting your license means you will start to get business and sell homes and earn commissionFact: Selling homes, lead funneling, closing deals, handling clients is hard work and you must bust you A** to find clients. 

I am currently looking for single-family homes or small apartment buildings in the Tempe area.