I recently started working as an independent insurance agent and at the same time, i started that journey I became aware of bigger pockets and investing in RE.

You should be able to show an independent reason for the refinance (the literature calls this independent "economic substance") so that it looks like you would have pursued the refinance whether or not you sold the property or did an exchange. 

@Mark AmaralI highly recommend these 5 books to change your mindset and really get obsessed with Financial Independence!

IRS Audit Guidance - Information on Passive Activity Credit Limitation and Example (Pages 146-148 of PDF)https://www.irs.gov/pub/irs-ms...3.

I'd like to be able to refinance in such a way that covers his investment within a few years of the purchase.Income Source: 1099 independent contractor, I begin in 1 week (am in onboarding) and will be scaled up in client load each month, to 55k income within 6 months of employment (and higher if I choose to take on additional clients).

It might take a while, but it will eventually lead you to financial independence if you play your cards right.

Another big goal for me this year is to pay off the rest of our debt to help us on our way to financial independence.

The owner of the land is most likely not going to split the land before selling it to us.I prefer not to be a legal partner with that person, as each of us is going to have a different business, but I would like each of us deal with owner of the land and also builders to some extent independently but still harmonically.Without having a formal/legal partnership is this going to happen?

One of the biggest problems when estimating a financial independence number is people underestimate health insurance.

I work as an tax accountant and have independently researched the issue of Self-Directed IRA's as a matter of both professional and personal interest.You not only can have a self-directed Roth IRA but you can also have a self-directed HSA and even a self-directed Coverdell Education Savings account (although the small contribution amount allowed for this one limits it to niche applications).