Byron,My advice is go the Cash out refinance route for a few reasons.

If anyone has any tips or advice feel free I’m open to learn more 

PLEASE take my advice, learn from my mistake, HOLD THEM.

I would appreciate any advice on if there is any way to get started given my situation? 

@Forrest Brown,In addition to the other advice and variables you're juggling here, you should know that California makes it a little more difficult to sell and 1031 exchange out of state. 

But I'm currently at that thrilling stage of working towards my first deal, exploring various strategies and niches.I'm here not just to seek advice but to contribute and grow with you all.

It's an exciting but complex decision, and I'm reaching out to this community to gain insights, advice, and maybe learn from personal experiences.Pros and Cons:I've identified several potential pros and cons but would love to hear your perspectives.

AND you must maintain adequate reserves to take care of the disasters that may happen.So my advice- build your equity.Most of my clients fall into the first group above.

Thank you so much for your time and advice!

Does anyone have advice on what steps should I take after I have learned everything I need to learn about real estate.