You taken the first step!

@Kayla OwHey Kayla, I am investor here in Indy and I recommend a company called A Step Ahead Management, www.astephome.com Let me know if you have any other questions or want to look at any properties in Indy.

@Matthew DrouinThat is a great position to be in.Now with regards to the refinancing options and how much you should take out, I'd say it depends on what your plans are.If you are planning on holding onto to that rental for the foreseeable future, you should stress test that property to figure out how much minimum income it needs to generate each month to meet your mortgage payments.That monthly would dictate how much you can conservatively take out after refinancing (and providing that you lender is OK with that too) without exposing yourself.Now if you have other deals that you want to pursue and you need as much cash as you can lay your hands on, you should take out as much as your lender would allow you to.Personally, I'd go for the option 1, especially if you have the  ambition is build a sound rental portfolio.

That's a big step and most of the people I know who have high net worth are very good at capital preservation. 

I'm absolutely terrified of Newburgh - I went to visit, and I didn't step one foot out of my car. 

First question is, is this even worth pursuing?

First question is, is this even worth pursuing?

I'm gonna see if I can find some properties of interest and pursue further.I found zillow doesn't give me any entries for 2/3/4plexes.

But with our above mentioned goals, buying 10 acres out in the country isn't exactly step one of building a buy and hold empire. 

I am new to bigger pockets and wanted to connect to see advice on next steps for RE investing.