Would it be better to purchase this for the appreciation to be able to refinance in two years to pull the equity and move into the next property and have this for tenants to pay off? 

I would also suggest looking at the IRR of this deal as you have some moving parts on this deal (renovations, etc...) and also include your exit strategy (refinance or selling) into your modeling as well. 

You will need to wait to refinance or wait for rent growth or both to be able to move out and at least break even. 3.

Richard's guidance has been invaluable in expanding my knowledge and refining my investment strategies.

This time, I got an awesome young lady who helped through the entire process, and I was able to go in and refine the search with the criteria you gave me.

If you aren't able to sell at the price you want, then try to see if it makes sense to refinance and rent it out.Don't hesitate to reach out via DM if you have any additional questions.

We both want to be equally involved in the rehab as a team - up until he receives his money back after the refinance.

Personally I would look at doing a cash out refinance to buy more property instead of selling, but a lot depends on your specific situation.

They accepted terms for creative financing for 1 year allowing me time to improve rents and refinance with very little down payment.

Loan programs that utilize AirDNA income projections to qualify can also be utilized for cash out refinances (if not currently operated as an AirBNB) although some lenders have a maximum cash in hand of $500k-$1M typically at a lower loan to Value of 65-75% for investment property vacation rentals.