This is the reason why I believe that its the right time to implement the BRRR method. 

So after the "refi", what is the next step?

I think it could be a step in the right direction.

Go the FHA 203k route and build equity in the home, refinance after the loan seasons, and if you invest right, the total cash into the deal will be low (commonly called the BRRR method).

It's not a guarantee of success but it's a major step in the right direction.

It's not necessarily a matter of time; it's a matter of risk.You can hire a leasing agent to handle the screening which is probably the most important step.

I applied for a Cash Out Refinance with the bank that holds my mortgage.In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a business where I make very similar money working about 6-8 hours/week instead of 60-80.The next step IS real estate investing.

What’s the first step you should take?

Hey @Michael Junior You can drop mail on their door step but don't touch their mailbox because that is illegal :)

Step 1 for many investors is getting a good W-2 job.