I will be exchanging out and purchasing something around 250K with the proceeds which will in turn bring higher rent and a better quality of tenant Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I need your advice on how to proceed with this situation.

It is PM’s responsibility to verify before proceeding toward eviction.  

Aside from the risks I mentioned, there is the increasing competition and ST rental income is never truly turnkey or passive income, even if you use a manager.Even for you, if you sell for $1.75 million, all you'd need is to reinvest the proceeds of the sale at a 12.5% to make $220k so the relevant return is 12.5%, not 23%.

I took his word for it and proceeded.

I'm not really sure how to proceed with the home buying process, so I'm hoping to get some advice in the form of what you'd do next given my financial situation and the fact that I'm out of state.Profile:- I am currently renting in Austin, TX and have never been to Denver despite really wanting to live there. - I know I want to househack through either a multifamily or a single family home.- I have the VA loan and have a VA disability rate over 50%.- I have excellent credit and over $100k in non retirement investment accounts intended for buying my first home.- No kids, just a significant other.- Zero debt.If you were me, what would be your next step?

We are in the process of getting the preapproval and then we proceed.

You say that you're just starting out so proceed cautiously with what you may be inclined to dismiss.  

I have a property that has been on the market for over three months now without receiving a qualified tenant and I may want to sell it to get some liquidity.It has also been hard to receive monthly profit for myself since my property management has a portfolio minimum of $2k until they allow me to take home proceeds at the end of the month.

Many borrowers that elect to utilize a first lien position mortgage as opposed to a HELOC try to reduce the pre payment penalty (to one of none) so that they can pay down the loan balance from the proceeds of their completed acquisition and refinance at a lower loan amount.Another alternative to DSCR cash out refinances could be fixed rate second lien position loans which can offer expanded guidelines and slightly more attractive loan rates.