I'm ready to pull the trigger on this investment journey and want to make sure I don't blow it on the first house.

That doesn't mean to pull the trigger on a deal before you understand the downside as well as the upside, and it doesn't mean to make a deal just because you've invested your time in analyzing a deal and don't want that time to go to waste.

But I would imagine the 4 you have in the 5 year note would have a pre-payment penalty triggered if you did the refi.  

I have been talking to a few people that have had great success but until recently, it has been hard to pull the trigger. 

@Dave Foster thank you for your thoughts. are there any other strategies that be done to use 1031 funds but at the same time shielding the sale price from the county so as not to trigger a sharp re-valuation of taxes?

I have 16K saved right now so ready to pull the trigger on next property.

I also know we run the risk of triggering the due on sale clause if we try to quit claim the title to a LLC. 

Luckily, I have a month or so before I have to pull the trigger on this deal, so hopefully I will find what i'm looking for.

I have been studying for a while now and I feel I'm ready to start making connections before I get stuck on whether I should pull the trigger or not.

We're entering year 11 and $270K depreciation has already been takenand the original basis of the 1031 plus improvements might be $50K.The property has always been held and managed by one individualso Is there anyway to bring in a partner into a LLC or other vehiclethat can avoid triggering the capital gains due to the IRS and Utah?