Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq

VRBO wouldn't have any idea if a guest booked on our website.

I wish we could tap into equity as easy as that. let me know if I can help in any way but probably not to answer your question. if you can split the lot and sell half that might be an idea to recapitalize. that's the the only way 

@Staci Kou feel free to chime in here on this topic @Michael Lee.

We plan to do a lead inspection first but just want to get a general idea of how much it will cost before purchasing this property.Thanks in advance,Ann

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

Just an idea.  

Looking forward to hearing your ideas!