The house has a new roof, 3 of the 5 A/C units have been recently replaced, electric has been re-wired, plumbing has been done within the last 10 years.

If you see the same percent lower for refi appraisals than purchase appraisals for RE at that price as I see on RE at about 50% of that price I think you would get the $100k+ higher than the refi appraisal if sold. 

You could say I'm somewhat impatient, but like to think of it more so that I am a go getter and want to see my returns from investing sooner than later ha! 

Let your investment pay the loan back...which means the cost of the loan (interest payments) in reality is an investment...that means this turns your 401k money into 2 investments at the same time...the RE and the 401k

Your RE value to rent is 5.4%. 

There are some other tricks that will allow you to take back ownership quicker if you have to so seek out someone with superior RE skills and legal knowledge in your area. 

@Brian Dickerson, You almost always have to re-train (yes, retrain) inherited tenants in your way of doing things, whether the property has been managed by the owner or another property management company.

I've never regretted going full time into RE. 

The guy buying $20K SFR's in the hood has very little in common with the private equity group buying 300+ unit new construction communities, other than they're both investing in RE.

I have sort of drifted a bit and most recently found myself delving into the FIRE community but always come back to RE.