My plan is to refinance my house with a cash out option, I have a decent equity in my house.And use that money to buy my first investment property locally, I live in Houston.The dilemma is my current mortgage rate is 3%, and the refinance rate is 5%, and how good would be start this rental market investments in Houston, I also have the option to buy properties in Las Vegas (Family), but starting as a long-distance landlord might be difficult for a newbie.What are your thoughts or suggestion about this idea?

However, I would suggest getting familiar with Landlord/Tenant laws and rights in your state so you are protected. 

Hello,  we used to invest in FL,  my only suggestion is to stay way from 55+ properties.Many cities/regions specialize in retirement communities.  

My best suggestion is check out some of the local REIA events held here in the Bay Area.

Hi @Armando Chapa , I would suggest something similar to @Aaron Edmondson . 

I'm curious to learn more on what you mean by "learning through guided conversation" and "opportunities for evaluating deals" - any other feedback is welcomed also, I'm trying to make it better, participation/interaction/suggestions strongly encouraged.

Was the $700 the fee the Realestate attorney charged you or did you go through the website that was suggested above?

Anyone have any suggestions?

Hi Iyan, Yes, I'd suggest speaking to a local agent who could help make a smooth transition for the tenant and new owner.

So finally I closing on a house in West Philly, 59th street, between Cedar and Baltimore Pk. Can't wait!Still in two minds about whether to hold/rent or do a flip. I can practically bring in tenants after some quick a...