For perspective, this home was valued at $40,000 when I bought it last month and I feel I can resell for $100,000 right now easily.  

New to the REI community and looking to get some great guidance and advice from the seasoned vets and learn as much as I can.Been investigating business opportunities for the last few years, and have recently been investigating REI and all the strategies and opportunities available.

Hi @Steven LopezYes we meet the last Weds. of every month at 7pm.  

One last caveat....I'm in 50/50 with another individual.

I read an article from GNAIR a month back that inventory is at a 10yr low and prices are up 10% over last year.

Lastly, if you're not sure they were told, and you have nothing in writing...

Your last bit there is helping me to solidify my thoughts.

Write it up as a personal letter.When you do all that, then contact a local RE Agent to give you a list of all the houses in that neighborhood that have sold in the last 5 years with all cash.

Last time the fed "raised rates," which was December 2015, what happened was this...Wall St lost their minds and went bonkers for two weeks, during which there was some good refinance day-trading to be had if that's your cup of tea. 

I closed on my first home last year in November, it's a tri-story town home in Eastlake, CA.