Go with your gut - it sounds like you have good instincts.

Although I would like to try to do it myself, crafting effective operating agreements is outside my comfort zone.

Do you have a partnership agreement or just Deeds with % of ownership. 

I am interested in getting my real estate license and will be getting it in February since that is the next available class.

Financial freedom goes beyond simply replacing your current income; it's about sustaining your lifestyle for life.

I am married, and my wife does not want to have anything to do with acquiring more debt or me being in another mortgage and I live in Arizona a community property state.

If it was 2019 (pre-COVID before people moved out of S.F. for the suburbs and OOS) I think it would have multiple offers over asking immediately. 

It is zoned for SR7, a single-family home, but is being sold as a multifamily home since the property was converted into 2- two entrances, 2bed/1bath per unit, separately metered electric.

Do you need a cash out or just a rate and term refi? 

It would probably be easier with your current bank, but loyalty isn't always warranted.