If the house is really worth $415k, I would price it for a quick sale (maybe not as low $325k) and get a fresh slate. 

Keeping the structure the same for the purchase and the refinance is not a problem from a lending perspective unless one of you will actually hurt the qualifications of the loan. 4.

To give you perspective, we require our borrowers to have completed at least 3 construction projects, this can be the direct contact or somebody on their entity/team.

From the asset protection perspective having the debt on the rentals and owning your primary in FL has some advantages that many states do not offer wish my home state had this.  

At least that way I can use some of the cash flow to save for a personal residence.Any advice/perspectives on how I should approach this?

Thank you in advance for your insights.Anthony - Everyone has their own perspective with a tool/analyzer for multifamily properties and there are many out there including Syndicated Deal Analyzer by Michael Blank, Joe Fairless excel model, Robert Beardsley's excel model, and a host of others including some "make your own" models via courses in YouTube.

. - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-structuresLet me know if have questions or want to chat further - I can give you my investor perspective.

If you speak with an investor friendly lender they can give you the rough numbers on what the best percentage is to put down from a conventional lending perspective.

Your perspective from a guest's POV is really insightful and appreciated!

I'd like to offer my perspective on this discussion.