I just got a renewal and the policy went up 67%, makes it hard to consider continued ownership of the property.

Been a learning process for sure. 

We talk daily and make big decisions together...   

The zoning will define the permitted uses (this will tell you if you can have an RV/Boat storage there) and it will define the density (this will tell you how many tiny homes you can add).You'll want to make sure you don't conflict the existing duplex to a new use or mixed use where you might put the existing use out of compliance. 

Yet, I received terms 2 weeks ago, and CTC this week.Rate: 8.125%Processing Fee: $995Closing Fee: $1,360Origination Fee: 2.650% Admin Processing Fee: $995Is this bad considering it's a small cash out: ~60k?

.), the appreciation makes you wealthy/rich. 

Recommendations include moving the patio away from the house and adding a retaining wall.Other considerations:I already have a team in place locally to manage the property and handle repairsI visit the area biannuallyThere’s another couple interested in the property and supposedly making an offer.I haven’t secured preapproval for a loan yetMy credit union only services Oregon/Washington, so I can’t use them for a loanI’m unsure about the process of buying an investment property from out of state, as a first time home buyer, especially since I don’t plan to live in the property myselfWhat I’d like to know:Does this seem like a solid investment opportunity?

It didn't make as much sense to refinance it at this time.  

Lee county has one of the fastest foreclosure processes in the state.

😁Also check the zoning to make sure the multi-family unit is legal!