How do I calculate and play around with those numbers?

@Chris Pasternak I’m 24 years old and my tenant is in they’re late 30s So he suggested i play middle man because people don’t usually show the same respect to younger land lords.

I was nervous about the refinance portion after renting it too, as I am assuming the rental income plays a valuable part in the appraisal.

And there are so many different investing strategies at play right now. 

Play my role as real estate investor not landlord, let my property manager do his job.

How big of a part does the gross rental income play in that appraisal price. 

If you want to work for an institutional investor or have any desire to play in the middle market or above [which the best way to do the latter is to have worked at for an institutional shop] then a degree is a requirement and if you want to work at the shops that do the most interesting deals [family offices, pension funds, REITS ect] you will have had to work at some of the larger firms to cut your teeth and they do care where you went to school.

Play nice in the sandbox. 

Lots of small details I have played out in my head and could expand upon if need be.

Chris,My difficulty with selling if your are still looking to be a buyer with the cash proceeds is that you are playing both ends of a hot market which nets out.With regards to your question on determining a price, you can look at comps in your area or reach out to an agent if you have one.Real estate is very much a numbers game in my opinion.