I'm like you on a larger scale but smaller net gains each. 

You would need it to appraise for at least 500k before you would even gain any capital from the refi.

Is this within legal guidelines?

I'm aware that people privately lend to other people and investors all the time, but I'm asking more in the context of the legality of making an effort to seek out investors and loan to them. 

She either qualifies or she doesn't, you offer her housing if she does, and move on to the next applicant is she declines or is not qualified.Commute times and other ancillary details like that are not really your concern (though commuters are not a protected class, so I suppose you could legally make commute time a screening requirement if you were so inclined). 

(It's a legal and copyright protection thing.)If you go to the Events Page (www.biggerpockets.com/events) you should get a list of meetups that are near you.

You legally don’t have a foot to stand on

I have listed my rental home of 6yrs for sale, our situation me and wife are working and the capital gains tax quite doesn't look correct.

Most markets have realized a huge gain over the last few years so there is less appreciation coming.

I'm just trying to understand the general situation, not looking for legal advice or an answer in a specific situation at this point. - standard disclaimers about questions apply.Thanks very much.sw