Don't attempt to figure things out on your own or act as a GC or PM when you are using other people's money. 

@Bryce MillerWelcome, and congratulations on making the decision to leverage the owner occupied loan to get started in real estate investing.

Make sure to run the numbers on DSCR, CoC return, and cap rates to ensure profitability.

You can't pull money out if there is no equity.

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

Make sure that your tax accountant understands this. 

If I can park the 388k ($415-27k) for one year at CD rate of 4.5% and then est 300k (after paying cap gain/depr recap) at 3.0% (assume CD rates lower) that interest income of about 24 months net of ordinary income tax is about the same as my current mortgage.Trying to play devil's advocate and think why selling this year does not make sense. 

For those of you who have been in a similar position, what do you think makes the most sense?

When a 21-year-old claims to make $600,000 in his first year of real estate, someone should verify that before sticking a mic in his face and praising his successes.Being on the podcast used to be a big deal.

Don't want to pay tax on selling the rentals I unfortunately don't think they actually want to utilize the 121 to sell their existing primary and then potentially buy another one-it sounds like the goal is to ultimately continue owing that initial home which I think makes this whole plan 5x more likely to be torn apart under audit because they're trying to end up with the same property they started with.