If the home needs anything, I also have great connections with handymen, painters, electricians, plumbers, and general contractors and would be happy to be a resource.The Spring market is already heating up here in KC, so now is a great time to sell to pull back out your cash in the deal.

If you have a typical mortgage (80% LTV) It's not a cash flow market unless you are willing to spend extensively on theming/upgrades. 

My main aim of interest in real estate is to increase cash flow and overall build wealth that can replace my day job and give me more flexibility with my time.

@Sang Kim- I am sorry to hear this....DId  any of the  paperwork provided  outline if the  6K fee  was rendable  ?   

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

I know that my current cash flow is a result of the unit being my primary residence first, and that not all units will cash flow like this, but can't help the feeling that I should be expanding my rental portfolio over the years.

I am aware of 1031 but wondered if I can just cash out without purchasing new property.  

Meaning educating and providing resources is complimentary to his own investing. 

I don't have a ton of cash right now so figuring how to do it all creatively is definitely in my priority list.