Since you have lived in the property for two out of the previous five years you could take the first $500k of the gain tax free (as a married couple).

Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

Debt-Paydown and Tax Benefits are also a result of time. 

They offer more than just savings—you build relationships, gain leverage, and uncover opportunities no one else knows about.

Neither are sexy or net big gains but I'm moving forward paying attention to trends and ready to pivot as the market pivots.

Quote from @Victor Lin: Hey all, I have been living in Seattle for a little over 2.5 years now and I like to think I know the North Seattle area pretty well and would like to finally begin my REI journey here.I am looking to connect with other new or experienced investors in the Seattle area to mutually learn off each other and ultimately just gain more knowledge.

Madison is also a great city to invest if you're looking to gain equity a bit quicker than other parts of the state.

Discount Brokerages are LOOSING market share not gaining.

You will get some cash flow, appreciation, and tax benefits along the way.

And you would now owe about 330k by then so you would have gained 370k in equity in 10 years.