If you have flexibility and are comfortable investing out of state, I would explore warmer areas or places with less crime but you need to have the right teams in place so start networking, finding brokers and begin conversations to start learning markets and getting listings forwarded to you that fit your criteria.

If you can, you might look at a heloc to leave your current principal and interest alone and give you some flexibility as well just in case something unexpected comes up. 

My work is flexible and I plan on visiting the following investment locations in the next 3 weeks:  Kansas City MO, Indianapolis IN, Columbus OH, Cincinnati OH, and Cleveland OH.  

Given its top of market, and who knows what will happen with the economy in the next 1-2 years, flexibility is a big advantage. 

Therefore, I think for someone like you, with multiple businesses already requiring much of your time and focus (and expertise), then better decision would be a passive long term investment.I would strongly suggest flexible REITs and Private Funds.

As an owner-only business retirement plan, the Solo 401(k) has higher contribution limits, allowing you to build your savings on the front end as well as providing investment flexibility.

@Molly Plude A 30 year loan gives you more flexibility due to a lower monthly payment. 

The 30 year gives you a ton more flexibility that the 5/1 will.

Try your community banks first they may be a little more flexible.

So i need some advice and wanted to see if i could get your opinion on a deal im looking at.My name is Rodrigo. im an investor in michigan and i have 3 properties which include 4 units, one is a duplex. househacked the duplex for 3.5 years.bought a single family last october (traditional financing) and 2 more houses (one i will live in) under a land contract, with only $7000 down per property. total rent gross is $5605/month.So all my places are within a block of a a college that doesnt have enough housing for its students so they have to live off campus. we are full until summer 2020.The person that sold me the two houses under land contract is offering me 3 more properties on land contract with minimal cash down, around $10-15K per property he using a gross rent multiplier method to price these so heres the break down. all houses below are rented through summer 2020.property 1older house maintainted well 4 bdrm monthly rent is $1550 property taxes are around $5000 annually.1 block-2 min walk to campusnew roof furnace and water heater in last 5 years.cashflow around $300 monthly using my number of $650K for everything.property 2 duplex 4 and 5 bed units, rents for total $4040/monthlots of new stuff in 2017 interior and exterior.literally across street from campustaxes are about $10,000 annuallycashflow around $900 monthly using my number of $650K for everything.property 3 single family next to duplex. new construction in 20175 bed gross rent is $2300, also across street from college, taxes around $6000 annually.cashflow around $589 monthly using my number of $650K for everything.land contracts are 6% interest, 30 year amortization, trying to push the balloon to 7 years ( he seems flexible on the balloon and down payment).at a gross rent multiplier of 8 (his number) im looking at a total of about $750K, but i like the number better around $650K which is about a 7 gross rent multiple.