The best I could do for a new agent was to just give them one of my properties to list ( at a reduced fee) to gain experience doing the real thing. the bigger companies have the focus on training and that is what most need in the first year.  

I have struggled with the sell vs refi question myself ... while I don't have a specific answer to your specific question, here is how I decided: 1)after the refi, will it cashflow with ALL expenses inluded ... if no, sell; 2)If yes to #1, take the sales price you'd get and subtract out the transaction fees to sell (capital gains taxes, RE commissions, etc) ... now, with that adjusted number in hand, ask yourself and answer honestly: If a similar house came on the market tomorrow at that price in that neighborhood would I buy it?

I am new member and here and would like to network and gain some knowledge from other members here.

I am not saying this is a bad deal, just something to be aware of.Since all you stand to gain is what is owed on the 2nd lien, you should be buying at much less than what it's worth.

I will be sure to read/view them as I seek to gain as much knowledge as possible and start this new career on the right path.BTW, I noted that you are from NY but have a GA telephone number.  

We didn’t have to pay capital gain tax because we were selling after 3 years and we purchased another property.

The front end due diligence is the most time consuming and difficult part, but provides a relatively straightforward path to income or capital gain.

Not of like kind.Anyone got any bright ideas for getting me out of paying capital gains tax on a $700k property?

Through your wisdom you will gain ample knowledge here.

My dream is to invest in a 4 unit building and I am hoping I can gain the knowledge and connections in this forum to bring reality to these dreams.