I realized two things amongst many others is as follows for future transactions and would like to gain some advice on the same from you all experienced people :1.

Let's assume the big concern are the tax implications since the projected gain before the exclusion is $1.2M; see projected gain calculation below.

Take the tax free gain and move on.  

I have deed on my rental property worth about $70k. i set up a LLC with it but was trying to gain a line of credit with it to purchase another property to rent or flip.

In order to be eligible to do a 1031 and exempt from FIRPTA withholding the investor must either obtain a withholding certificate certifying the non-recognition of gain from the 1031 in advance from the IRS.   

Unless you are a turnkey provider or are holding it past 12 months to avoid short term capital gains (even then not sure if it would make sense financially) don't bother refinancing it. 

We jumped into a new market and also into a new asset class (mid sized multis) in the last year and it has been great, we have bought a 12/19 and a 32 unit the knowledge I have gained has been amazing. 

Or you can sell it down the road (after 2+ years) and pay zero capital gain tax. 

We just got an offer accepted on a Condo on Kauai and our next move is to purchase a multi family in the Beaverton, OR area.I’m hoping to network and gain valuable insight from this forum as well as provide any personal success and challenge experience from the standpoint of an active duty military member who has purchased and sold multiple homes.

I would start now by trying to get on as many wholesaler and broker email lists as possible for deal flow, and possibly getting licensed to gain access to the MLS, at the very least for comp analysis.