If you aim to stay in the house, negotiating a cash-out buyout with your co-owner could be a viable route.

Being a real estate agent is a huge advantage if the end goal is to become a successful investor. 

How did you find this deal and how did you negotiate it?

Hi Sammy,Glad to see you taking steps in your real estate investing career, it helps to get reps in and learn.As for what you should do, your title states that you have "little equity", does that mean there is little equity in the Florida property or you have little available for another equity investment.I'd caution a refi with little equity, as stability in the early stages of your investment career is crucial to long-term success, try not to over extend yourself and potentially end up behind.Having access to investors and partners is the name of the game for scaling and limited funds, if you have access to investor capital, working with a wholesaler to acquire a flip may be a good option just be mindful of the risks of as-is properties and having investor capital at risk. 

I have a list of property managers, contractors and lenders who have assisted several of my investors in acquiring properties successfully.

If I knew then what I am learning now, I might be in a whole different situation at this point in my life.What books or tools have been successful to get the 'penny to drop' for your teenagers and which ones fell on deaf ears?

There are other collateral documentation lenders generally should have as well - but thats up to your negotiations with him/her.

If you choose to go the unlicensed route, you can still have success.

@Dmitri L.Currently outside Japan and i bet you guys had a successful meet up.

@Tavian StewartThe BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy can be implemented in various markets, but certain factors can make a market more conducive to its success.