this is  exactly how  ARM loans work ....your outline is  accurate ...you should  consider  refinancing  to  either a  fixed rate loan  as rates are  very low now .....another ARM  is an option but its  not likely  much lower than the  fixed rate option ...if you plan is to sell it soon - dont  bother  refinancing 

I agree, thats why I appreciated Davids post that outlined what was available for what Im looking for instead of just a quick plug. 

The website outlines the 7 things you DON'T need a permit for, as well as overviews of what you need one for.In my experience, a lot of buyers, and agents, these days have learned to ask for them, so well worth the headache when you come time to sell.

I have a lender that I work with who's an investor herself and incredible at creating strategies to move forward on your next purchases (she helped us devise our strategy outlined above).

I have outlined a potential plan, and will certainly be discussing it with both legal and financial advisors before making any drastic decisions.

If your scenario is not outlined in your operating agreement you are stuck with whatever your partner will agree to or doing nothing. 

Consider yourself extremely lucky.If you want a crash course in wholesaling, which is sounds like you need, there's a short book that outlines the whole process. 

Comps are send to the appraiser with the e-mail outlining key points.

We are taking it slow but currently have a trip planned to sit-down with the agent we have lined up and he has agree to take me around and show me what fits into my plan I have outlined to him in a previous phone conversation.My feelings are that you can easily expand into this area but my only recommendation based upon your primary jobs is to take it slow.  

More people to invest and more liquidity.Here is an article which outlines some of the opportunities:  https://www.biggerpockets.com/...