Scaling up and building liveable cash flow

[Steven L.]

Dear BP Community,

I have (partial equity in) one SFH that I'm trying to make a rental in a few months. It isn't investment grade, meaning that rough calculations tell me the net cash flow will be a lame $75/month. My goal is to generate a flow of at least $10,000/month so I can replace my 9-5 job and care for my family. My intent for investing is noble, so I hope the universe will be on my side.

I'm willing and able to relocate anywhere in the US to get a good deal and house hack MFHs, go commercial, BRRRR, flip, become a hard money lender, anything. I regret getting my first SFH because it feels like I pulled the trigger too soon and made a poor investment (despite my book knowledge). I sadly also assembled a bad team that dragged its feet and so I ended up taking that SFH deal for my desired deadline. I'd prefer not the sell the SFH but would consider doing a HELOC; on the bright side, I've got some equity now.

What strategy do you recommend in your wisdom for my goal? How do I assemble a good team (lawyer, agent/broker, lender, contractors) that won't run away as soon as they receive my money? How can I break out of 9-5 dependency in within the next 4 years and take care of my family?

I'm ready to network, take action, and make some deals.

With humility,
SL