I rent a condo in a nicer area outside Saint Louis, Missouri the property has appreciated about 20k and ive done minimal updating to it in three three years I've had it. I'm only making about 150 a month on the proper...

I don't see it being worth the effort or money to break the lease or do cash for keys just to make this refi happen, just ride it out until the lease expires. 

Also don't underestimate the power of building a good team (Agent, Lender, Attorney) they can be mentors as well as team members and they can introduce you to other real estate investors, meetup groups, or invite you to training's where you can network with other people interested in real estate.Best of luck starting your real estate journey, it is a heck of a ride!

Do I keep it and make 2mm a year or sell and and ride into the sunset with 300mm.

Tons you can learn here from free, a ton of it you have to learn the hard/old fashioned way.

Ride out your lease.

The thing that sticks out to me is despite a recession, the deal is still 80 cents on the dollar so if one were to happen, hold and ride but if worst comes to worse, there’s a break even.

I tend to stay away from those.If you buy in decent areas with enough cash flow you should be able to ride out any recession that looms. 

Along with our door and finsih materials.. in our area one store does all flooring and counter tops.. they design it for you and install. etc etc. thats the only way you can get any kind of scale building you need pro's to get the jobs done in a timely fashion trying to drive around and save 50 bucks is a very poor use of your time.One thing i will do is at our big appliance suppliers they will have a yearly sale of their last years models on high end stuff. 

@Freddy Neuhold it sounds like you will have to weight the pros and cons of using the owner occupied loan versus investing the old fashioned way by saving up 25% down.