203k and $30k line of Credit Advice

[Jim Francis]

Good Day BP Family,

I'm a rookie investor in Chicagoland Area. My mom has a $107k 203k, we would love to get her a multi-family rehab that is OO of course and refi and get cash out or line of credit on OO to put down on other properties.

 We also have $30k Lines of Credit with Credit Union and would like to buy some flips or do some Owner Financing with highly screened tenants with good down payment and then sell the notes.

Can any of the vets tell me what they would do if they were just starting and in this position?

Thanks in Advance looking forward to learning.