Hi Stephen, I would suggest reading as much as you can and connecting with people in the industry.

I suggest you find other sources of income or partner on deals to grow your real estate portfolio.  

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

Quote from @Stuart Udis: @Danielle B What data are you relying on that suggests Section 8 leased properties provide for better returns than other investment strategies?

Would suggest to consult a tax pro for this!

I am very new and am open to any and all suggestions/help. 

I would love to hear more, and dive deeper into suggestions with a little more info.  

And if you bought this property several years ago, then you probably already have a killer rate, so suggestions to refinance seem silly as you probably already have the lowest rate....especially if your refinance was completed as you were an owner occupant, and not categorized as an investor to a Lender.In terms of tax implications, again, it depends on what your ultimate goal is, but if you placed this into a trust, or even a beneficiary deed, it would pass through to a beneficiary who would not have to pay capital gains on it in order to sell it. 

Aim for 720+ for best rates, I suggest start building relationships with your local lenders.

The work together with appreciation suggest that I will now be somewhere between 20 to 25% equity.