Have you gained possession of the house?  

I'm simply looking for advice from people seasoned in this field and to try to continue gaining as much knowledge as possible.

I’m sure everyone has heard the proposals of a possible 25% unrealized capital gains tax.

I am currently a 19 year old looking to simply gain as much financial education, simultaneously saving money for future investments. 

("A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctions of any real estate . . ."

If anyone has referrals or knows of reliable channels (like Google or specific websites) for finding licensed contractors in the High Point/Jamestown/Greensboro area, I would really appreciate your input.Also, any helpful tips and experiences related to construction, dealing with appraisals, titles, and refinancing would be incredibly valuable.

I may be misunderstanding but, if you are serious about investing, I would buy, learn, and gain experience. 

The 1K a month (12K annual) will be reinvested into the property to minimize taxable gains in total portfolio and increase the value of the property.

You must have a very valuable house to get enough from a HELOC to pay for a 6 plex... 

Move up the ladder and gain more responsibility - have you written a budget yet?