I'm VERY new to all of this, I don't have much of an idea on what contracts to use, to use or not to use an agent in the process, typical deposit I should put down while finding a buyer, etc.

You keep the note in play and you do a second . 

You are in a fine spot financially, at least from what you shared.

Goal is extra cash flow in retirement for financial freedom.Dilemma: the cash flow from the property right now is roughly $1300 per month.  

Don't look for a quick fix or a one in a million.

My wife bought a condo for 178K with a conventional mortgage (10% down, 4.25% APR) in 2019 before we were married.

The Richest Man in Babylon by George Samuel Clason: “To attract goodluck to oneself, it is necessary to take advantage of opportunities” “Men of action are favored by the goodness of good luck”One of the most important qualities that I see in successful individuals is that they take action.If you do nothing, nothing will happen.Where do you need to take action in your life?

They were talking about buying the property so in this real estate climate I figured it would be a good win.

Hi Bigger Pockets,I'm based in Central Florida and new to BP.

Those old drum traps in particular are pretty awesome to get cut out and replaced with pvc.