We have found homes that have basements converted into apartments, which we could rent out for income and have also found duplexes with one unit occupied.

Not quite a new member as I've been lurking these forums for years, finally deciding to get serious and figured doing the "New Member Introduction" post would be a good step.Briefly about me:  I'm currently working as a merchant mariner (3rd Mate) and I travel for work about half the year, looking to get into real estate investing to supplement my income and begin building a portfolio during the half of the year when I am home.  

What do you use for bookkeeping, accounting and filing taxes, as you start up?

For passive income you can look at REITs or DSTs as well. 

If you did not win a bid, they should have simply returned the cashier's check you provided them or given you a refund if it had already been deposited in their escrow account, unless there was an agreement between you for them to hold it for the next offer.

My goal is for REI to eventually become my passive and active income.

I've had Bigger Pockets account for a little over a year now, and have been watching their videos since I was younger.  

Thats how I got into real estate 7 years ago and now have over 12k in passive income and a portfolio of houses, manufactured homes, and multi family homes.

Still very close to CA but no state income tax, property taxes DO NOT reassess on the sale (4th lowest property taxes in the US), much more landlord friendly, diversified job growth, population growth, and Reno doesn't have as severe of weather in the summer as Vegas.

I have helped clients in your exact situation in the last few weeks.You do not have to refinance that loan to purchase another home.In fact, you can purchase a new single-family home with 5% down and turn your current home into a rental.You can even use the rental income you will get from your current home to help you qualify on the purchase of the new one!