Looking forward to what I will learn by networking with you all!

@Ran Fridman it's highly likely if you talk to a tax professional that they will advise against a cash-out refinance before you sell your property for an exchange.

As a professional, I will be fine.

Purchase price: $269,000 Sale price: $620,000 This house has been professionally remodeled with some impressive updates.

I was not ready to handle that, and my mindset was to increase it to a B grade property instead of leave it where it is Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you're not going to actually use your license to become a real estate professional, I think there's little value.

@Henry SimsThe more professional way would be to have Note and Mortgage document drafted by an attorney. 

Ideal for professionals working downtown.

Ensure you fully understand the terms of the loan agreement before proceeding, and consult with a financial advisor or real estate professional for personalized guidance.

I wound up networking with a  real estate agent on BP who works with investors in Indianapolis and I closed recently on a move-in ready house, which will be a long term rental.