Feel free to reach out anytime with any questions about the process ! 

I paid 220k for the house and put 50k into it and would likely sell around 380k-400k.

If I want to sell my house for 800,000 in California with the existing loan which is at 470,000, but there is a due on sale clause.

The conversation process in some areas is expensive and the timeline can be pretty lengthy while you're waiting for the process to be approved.

Should we sell the Red Lodge house and pay cash for another rental, albeit in a lesser market? 

Don’t the closing costs from buying and selling an investment property eat up all the appreciation (and mortgage principal paydown)?

Based on where I'm at in the process of being under contract with my 4 unit and 5 unit, I will purchase in my name, but transition to an LLC after, knowing my loan will not be "called."  

One of the first things we say to them is that "We only want to buy if you want to sell" People are coming to us to solve their problem and they've decided well ahead of time that selling the home solves their issue.

In the process of trying to do a full cash out refi right now into long term non-recourse debt.

The 4-quads are about 2x in price and cash flow about the same and maybe slightly lowerI see the advantage of 16-unit as rent upside w value add and reno, same PM team (same for both cases though)For the 4-quad: financing is easier and can sell individually.