They currently have a conventional mortgage at about $800 a month (3.25%).

Currently just have an agent I found through BP and a lender in that area that I've been bouncing most of my questions off of.

Property is currently under contract with a wholesaler for $185,000.

I earn a solid six-figure income from property management (steady income, not up-and-down like sales agents) and I earn another six-figure income from sales (I'm currently #5 out of 240 agents).

Yes you can sell it, you will need to record the land contract with the county to show your equitable interest and make sure in the land contract it gives the ability to sell the property for more than the loan amount and the current owner will oblige to execute the documents as part of receiving the money.

I’m fine with this, for now, as a long-term investor.I don’t believe our current situation would enable us to qualify as Real Estate Professionals, which would result in massive deductions.

Speaking of networking, I'm currently looking for an attorney & CPA to help with a proper corporate structure for my current situation and plans.

I manage 17 listings in the area currently, and one in AZ.

I currently own a property in Kansas City, Missouri.

I will be the first to share I understand the value in being able to recycle capital through refinances to grow a portfolio but this should not be done at the expense of other fundamentals that are more telling of the properties current and future economic performance.