I am currently trying to learn as much as possible by reading books and listening to podcasts.

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

Depends on your goals and the current market.

I'm a newbie to real estate investing and am currently focused on intensely educating myself about all things real estate and how to get my first rental property deal.

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. 

Wells, Citi & Chase), but moving all your money for current rates might not be something an investor wants to do. 

Here are the specifics: our current property is worth 360k roughly; we owe 120K on it.

Here are the details:A friend wants to sell us their house that currently has a VA loan mortgage.

Ask to speak with some of their current owners and current/former tenants.

I'm a foreign national and I'm currently closing on a cash out refi for a duplex (commercial loan) and I'm looking at 5.375% on a 30yrs fixed and 65% LTV.The rate, buydown, loan type... will vary depending on the deal you are looking at, but as foreign national I have not been able to find any broker / lender that will go higher than 65% LTV so that's most likely what you can expect.Good luck!