I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out.

Once you get big enough you will want to have a separate operating account but with just one property it really isn't necessary.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Just buy it in your name and then by time you rehab it and sell it if it’s two years then you can possibly get capital gains exemptionsNotLegal or tax advice

At this time, you might come out ahead using a hard money lender who does not charge a pre-payment penalty.

Hi, I am actively looking and putting offers for my first rental property, I just saw a townhome that I like from the 70's that needs some rehab, and a few blocks from it there is new development offering same type of units (a bit bigger) 10% more expensive with delivery lead times of 6 months.

I hope that these changes weeds out the non professionals from the professionals. 

The real estate market can feel like a rollercoaster at times, especially with the current shifts we're all experiencing.

We are exploring refinancing with our bank, however, I feel there are probably better options out there, along with rules with this type of investment, holding times, etc. that we just don't know. 

We knew he was a frustrated seller who did not want his time wasted again How did you finance this deal?