I have a considerable amount of equity in the house (HCOL area), and after the renovations are complete we are looking to sell the house in order to use the proceeds to kick start the next venture (flipping).  

Hello, my ex and I have divorced and we’re managing the property together, it’s currently not cash flowing so we are paying 50/50. 

Sure, the cash flow might be tight, especially in a high-cost area like Seattle, but you’re building stability and experience, which is invaluable when you’re just starting out.To be transparent, I invest out-of-state and help others do the same, so I’m incentivized to tell you the opposite.

move out and turn it entirely into a rental.as i say in what seems like every post on BP right now, we are not in a 'cash flow' market with prices and rates high. 

I am not saying that to brag, the reason I say it is we all wish we could get into real estate at a younger age - but we are all different and depending on your level of risk, sometimes being patient is not a bad thing as its a marathon not a sprint.  

Get estimates for all repairs that are above fair wear and tear in advance. 

We are currently looking at a duplex to get our foot in the door for REI.

At the time this method was best for us because we both had recently graduated from college and had over 100k in student loans and car debt. fast forward to now we completely DEBT FREE besides our home and we are looking to purchased our single family/forever home and keep our multi and rent it out. 

Although, we are in an easily accessible market I have owners that have never seen their properties.

We are purchasing in the 43206 and 43202 zips.Thank you!