Since then the company decided to overhaul (and temporarily close) their business and sold off the properties, and investors got a payout from the sale proceeds of the properties they invested.

Generally to pump up their sales pitch.

Purchase price: $225,000 Cash invested: $360,000 Sale price: $975,000 This was a purchase of a Methodist church and parsonage to office space.

If all goes to plan the sale / refinance should help me complete the next one, and line up nicely with the conclusion of my year of owner-occupancy in my current residence. 

There isn’t a big hotel presence in the area, so vacationers are reliant on direct bookings and online travel agencies.

I used an online crash course and it helped, also for the trade exam.

I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC). 

You can discuss KPIs, market strategies, sales tactics, and offers an accountability partner.

This may be a dumb question - I've never sold a house before, would I need cash saved up if I sell it for the same or more than I bought it for, or does it all come from the proceeds of the sale?

They're going to require that you file a form with them every single year (it's Form 3840) and on this form you need to report back that you still own the new investment property, and that you haven't sold it and haven't received the income from the sale.