So the only way I'm making some money in the near-term future is by getting a new building in my name.

The amount you took in depreciation will most likely be taxed at 25%.Finally, you mentioned rolling money into another home- I'd look up "1031 Exchanges" on this forum, because if you plan on rolling money from deal to deal, it may help you defer the capital gains taxes in the future.

However, we were informed today that our closing has to be pushed off to a far-off future date (rate will no longer be locked and basically will have to do the financing process again) due to an issue we haven't run into before, but seems simply not legal to us, so we hope we can get some assistance.We only know as much as we have been told, so here we go... the home we are under contract for was sold to the current owners via an owner carry, so the note is held by a private individual (the owner before the current owners).

@Winn Cook, I would be more concerned about the future buyer's inspector.  

 #2 - you learn a lesson (this sucks, but you realize you needed to learn it to succeed in the future).  

If the down payment that you need equals the entire 70% to 80% in value of your SFR, then I would go with the cash out refinance and get a fixed rate.If you only need 20% of the equity for the down payment, can pay it off relatively quickly, and want the rest of the equity accessible for future use, go with the HELOC.  

Thanks, Eric.I believe you are correct with your prediction of future growth in the sac area.

Im new to it all 👋🏼🤙🏼     Im 26 years old was born and raised in the beautiful San Fernando Valley and have been in a relationship with soon to be beautiful mother to my future baby boy.

I genuinely appreciate everyone's help, and look forward to communicating with a lot of you in the near future.

Well wishes in your REI future!