The first they'll point out to you is it doesn't sound like this property will qualify for your financing....you need to have that discussion with your lender..they can give you some guidelines. 

After my first purchase I am looking to do acquire more properties, so if you are ever looking for a partner I am always willing to sit down and discuss options. 

This morning I was listening to a popular real estate investing podcast and they were discussing the many ways to finance a deal and step to get you finances in order before diving into REI.

I'm so glad that you guys discuss how difficult real estate investing can be.

I have recently decided to finally follow my RDPD dreams and I have obtained my real estate license and want to get involved in REI. 

Chrissy-I am an investor/realtor in Philadelphia and can discuss in detail with you.  

The industry is so ripe for discussion with all of its: negative stigma, tenants/toilets/trash, fee-drivenness, landlord friendly, investor driven, technologically evolving and legislatively active...environment.There's the historic landlord and agent PM legal agency relationship with a traditional scope of service, duties/responsibilities between LL&T, evolving retail/consumer trends/expectations, etc.

I do see some forum discussions on this but they're somewhat dated.

This topic may have been discussed before, but I appreciate if I can get updated information after the new Tax Bill and also if this is still a viable strategy to avoid Capital Gain Tax?

You can refinance anytime if you're just paying off your HML, or after 6 months if you're looking to do cash-out.If you're looking to do BRRRR, you should connect with a loan officer first to discuss conditions of the refinance and what amount you'd qualify for.