Trying to Create Game Plan for next Investment

[Christelle Rahman]

Hi there, I'm Christelle from Jersey! I've invested once, purchased a 2 family for $515k and sold for $630k two years later. It was a tough two years & really made me question the landlord life! 
I'm ready to dive back into investing and am currently working on building up my cash flow & learning as much as possible (aka listening to as many podcasts & joint this community). For my next investment, I'm torn on two options: 

1. Commercial. I have a business & am mustering up the courage to see if my landlord is open to selling via seller finance. I know he purchased the building for $450k in 2016, averages in my city has the building worth about $700-$900k presently. I've been leasing from him for 2 yrs (5 yr lease) and pay rent on time each month. We have a pretty good relationship.

2. Short Term Rental. I'd like to offer my family a space to retreat to, thinking Poconos, upstate NY, even South FL as I've lived there before. Purchase a home for STR and use it occasionally for family retreats.

Funding status: $25k in cash, equity against primary home (up to $150k), business LOC ($50k), husbands 401k (can loan against it at 2.5% interest rate). Are these smart funding options or should I continue to build up my cash flow? I'm patient - I'm just trying to create a game plan to work towards. Any advice is appreciated - thank you!