Also, my personal investing goals & acquisition reflect a long term play and not a short term one.

The first agent may have procuring cause status, which might entitle the first agent to payment, in addition to the new agent.Why does the original poster want to dump the first agent? 

Hi I just closed on my first real estate investment property today!

I live in Naples, FL, and own two investment properties here.  

I am new to the real estate investing world.

For the general question in your subject line "is it smart to invest in real estate" I would say yes.

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.

Investment Info:Single-family residence buy & hold investment.

Given that your rental property currently cash flows over $3K/month, the DSCR might be too low to qualify for the full $900K loan, unless you can show additional rental income or strong reserves.If your goal is to access that $200K for another investment, refinancing with a DSCR loan could be worth losing the low 2.99% rate, especially since it would eliminate the high-interest HELOC.

I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was.