My real estate experience is mostly education from podcasts and books I've been reading so I wanted to get in person applicable experience.

Is there any information I can refer to for education, and license in my area??

Here is my question, If you use your LOC, you are leveraging your equity to build wealth.

I'm crunching the numbers and have a few Qs - 1) what closing costs am I looking at when leveraging owner financing?

If I had $50,000 in cash, I would very wisely invest in my real estate education.

The prospect of real estate has been something that I have always been interested in but I have never thought I could get into rental investments until I read Robert Kiyosaki book and now Brandon's book on Rental Property Investing I'm starting my education on real estate investing. 

I am not saying that you should not listen to RE agents , but keep in mind that most of them needs to sell at the end of the dayAnother place to visit is the local REI club, tons of useful information and real insights if the marketLast - educate your self as much as possible regarding tenant - landlords rules and regulations for the specific city, try to learn about city cose violations etc... this way you will not be surprised down the road.I also like to recommend BP book by David Greene "long distance investing" it is very useful resource and should prepare you well for ling distance investing.Last - Good luck !!!

Home is in a good market with public schools and high demand.Option 1: Simply sell home, downsize and purchase a smaller home and invest spare cash (pros: hassle free and homes are getting top dollar in the area, cons: feels like there's a lot to be leveraged with the home and would be missing out on future appreciation to "keep property in the family")Option 2: Rent the home and take HELOC or REFI to take out equity for smaller home purchase.

What's next is you really need to slow down and get educated.  

Get educated.