Sounds like you want to do a flip for capital and also find a new primary residence. 

You also do not need years of experience, you just need time to be effective.

It sounds like you want a personal loan from a bank.

That might sound boring, but having someone to keep you on the right track and even keep you accountable is important!

Refinancing costs many thousands of dollars, and it sounds like you already have a great owner-occupied mortgage.To answer a question you didn't ask, you might consider exploring passive real estate investing options instead of hassling with landlording and loans and contractors and tenants.

Hey Carlyle, Seller sounds unmotivated here.

Sounds like you have a great deal going.  

However, from what you've provided, it sounds to me like you would just treat it like a regular rental property.

I know most would say too much, and it does sound like too much but the purpose is protection.

If our standard lease wasn't in effect, we would default to the in place agreement.