Offer to do some electrical work for an experienced flipper in exchange for education.

Hello Lian,I have discovered that it's good to use a CPA that is experienced in real estate investing.

I am not very experienced as of yet, so I would not be able to offer up any good advice unfortunately. 

I want to use this platform for networking and I am hoping to get some tips, advice and knowledge from experienced investors.   

I'm just looking to bounce off Ideas here from experienced investors and maybe investors that have had a similar situation about whether it would be smart to refinance both loans to a 15 year mortgage?

You would need to get an experienced attorney to look at it, but I suspect that would be the case.Your sales tax issue depends on the state in which the property is located.

@Fredys Castro  welcome to BP.I would look for local investor meetings and ask some of the experienced investors who they use in the area. 

Also an experienced investor in Buffalo, NY where I'm originally from.

Con - difficult to sell, most houses need work (or total remodel) and a potential difficulty finding good labor help.  

Though if you happen to be an experienced investor with access to a pool of cash to say, pay off the loan, this could be a viable option.