This would allow you to access some cash for other purposes ( Tax Free) because a refinance is not a taxable event.

This could include new appliances, energy-efficient windows, or custom finishes.Clean and Declutter: Ensure the property is clean and free of clutter.

Feel free to reach out to one

The purchase to cash flow ratio is much higher than majority of the states in the US but again not the only states.If you need any help or want to talk more REI feel free to reach out I have done a ton of business in both states and can walk you through pretty much anything.

If you’re open to it, I’d be thrilled to buy you a coffee and hear your story.Whether you specialize in residential, commercial, wholesaling, or anything in between, your insights would mean a lot to me as I navigate this journey.Please feel free to reply here or shoot me a message if you’re interested.

Working on my financial fundamentals, namely saving enough free capital to invest.

In your scenario you'd have a potential tax event on that $200K difference.Here's a creative way to access most of that money tax free however. 

Pricing in DFW probably means you wont live rent free,and will have to pay your fair share of normal rent, but you also get 3 more people contributing to your loan paydown and you get to keep the appreciation.Buy hey...maybe I'm wrong....go talk to a local bank or credit union near where you live and get a term sheet from them for financing. 

There's so much information here on BiggerPockets as well as the podcast and books and other websites, books and blogs too that are either free or very cheap. 

Feel free to share updates or ask additional questions.