Ok, now that you have taken your initial step, below are some quick links to get engaged.Below, are some links to review prior to embarking on your 1st purchase.https://www.biggerpockets.com/renewsblog/2015/05/26/real-estate-financing/ (RE financing)https://www.biggerpockets.com/renewsblog/2015/03/27/financing-options-rental-property-guide/ (financing options for rentals)https://www.biggerpockets.com/renewsblog/2014/03/06/bp-podcast-060-serge-shukhat/ (0-68 rentals in 4 years) https://www.biggerpockets.com/renewsblog/2014/08/02/passive-real-estate-investing/ (slowly building wealth through passive investing)https://www.biggerpockets.com/renewsblog/2015/09/30/bought-rehabbed-rented-refinanced-14-properties/ (BRRRR explained)http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/termshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/perkshttps://www.biggerpockets.com/forums/categorieshttps://www.biggerpockets.com/rei/glossary/https://www.biggerpockets.com/courses/a-beginners-introduction-to-real-estate-investing (video courses)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Another option possibly if you'd like to keep the property and buy a new primary home: Look into refinancing your current SFR rental out of an FHA loan (hopefully to a lower interest rate for greater end return) and then you'd likely be able to take out another FHA loan on a new primary home.

I wanted to see if there was a way to see if those loans were the seller refinancing or taking out second mortgages. 

The problem: If I refinance the other property that I have and add in the other portion needed to meet the 20% downpayment, I wouldn't be able to purchase a smaller / cheaper investment property for about a year or so, when the SF placed is seasoned and I can refinanced again or wait until we have enough savings. 2.  

I purchased a home on the courthouse steps with the intentions of refinancing.  

Refinancing out isn't an option? 

I don't believe in borrowing every single penny available, then refinancing what I already own to borrow more.

Not nearly as catchty.Though if a workout isn't possible, foreclosing, rehabbing, renting it out and refinancing would be an obvious backup strategy.I have seen some posts on BP before about recapturing the initial investment by selling partials.

Is there a maturation period required when refinancing in a BRRR senario?

.- I have been focusing on networking with the Acquisition and Research teams since I believe those will be the most visible roles to the investment process- I have read a few Broker/Agent/Investing books and reading RE Financing/Investing right now.