@Juan Vargas The answer is going to depend on how you plan to utilize the capital from a cash out refi, along with numerous considerations. 

Purchase price: $550,000 Cash invested: $114,000 Sale price: $880,000 Contributors: Garrett Quinn, Megan Halter An urban & contemporary beach bungalow!

We had to deal with theft on numerous occasions, there were contractors that left us high and dry with our cash, and there were a couple of instances where gun crime became a serious concern.

Recommending a transaction that knowingly violates the due on sale clause in the mortgage/deed of trust can be lead to you being named in a lawsuit should the transaction go south.That being said, there are various safeguards that significantly lessen the chance of problems occurring (not all problems relate to the mortgagee accelerating the note; there are problems when the seller attempts to obtain credit and the subject mortgage note is in his name, problems when the buyer offers a financial statement showing the subject property as an asset and (correctly) list the mortgage as not personal liability; numerous potential problems if and when the buyer wants to sell without paying off the existing loan.  

@Rea CooperI have STR’s in different gentrifying communities, BUT there are Numerous Encouraging Trends in the communities I choose.

That can be you getting on numerous local wholesaler lists.

@Collin DeWese - SW Florida is a really hot market and we have been doing numerous projects for investors and homeowners alike.  

I'd seek out a mentor on BP that's actively participating in syndications.As you have capital, there are numerous ways you can invest it and get the benefits from real estate: Direct Private LendingTransactional LendingInvesting in NotesLending to a Hard Money LenderBuy-and-hold (Residential, Commercial, Etc)BRRRR (This is flipping and buy and hold combined with a refinance)The wealth is derived from passive income, which is why I'm not mentioning flipping or wholesaling.

@Matt Toeneboehn    While it's doable to find a duplex under $800k, most likely it's going to be in a more urban area and/or need some TLC and may not have square footage beds/baths you desire.  

Things have been going well, and  I have been exploring how to ramp up.  10 years from now, I'd love to have passive income from numerous rental properties.