Purchasing and selling primary turned investment

[Cecilia Fields]

Hello everyone! 

I am looking for some advice for my situation. I purchased my first property (a condo) in 2022, in March of 2024 I started renting it out and I moved back in with my family. In February of this year I refinanced it as a primary to pull cash out to purchase more properties. Per the advice of my mortgage broker (whole other story), I recently purchased another property and was hoping to either buy a third investment and/or sell the condo and buy a new primary. But the condo has been on the market for 3-4 weeks now and no luck. Some viewings but no actually offers put in. And being I refinanced it as a primary, I am unable to purchase a new primary due to my DTI. I was thinking to mid term rent my condo, and short term rent the second property I just bought. But that leaves me without a primary home to reside in. And being neither are long term rentals, I can't cancel out the rental income for a little while

As for purchasing a third investment. I currently have 35k left of my original funds, (took out 10k for emergencies). So I don't believe that's enough to purchase a multifamily. I desperately want to keep scaling, and I'm working on creative financing deals, just haven't had any luck yet with negotiations. 

Any advice would be greatly appreciated, thank you