To create the ability to full retire when I leave the military at the age of 43.

@Destiny Dunbar  Just to clarify, you're asking how you can find an ethical person who violates real estate law by practicing unlicensed wholesaling?

You can get advice on business practices and customs, but not law.When it comes to docs, USE A LAWYER. 

Luxury Yacht (with decent expendable income) who owns a 3 year old SFH he rents out at market rate in a class B area to stable renters may make a different decision on what to do with monthly cash inflow than Just starting out on a shoestring and a prayer blue coller worker who owns a 70 year old class C that is overdue for a rehab.That is based on personal ability to meet costs when they come due and the probability that costs will come due.That being said, it's always intelligent to budget for CAPEX using real life numbers vs IRS or guesstimate numbers.You also need money for turns, which includes carrying costs when unoccupied and etc...As well as unexpected costs, such as roof damage, or early appliance failure--such as a refrigerator.Good Luck!

HELOCs also very often have the ability of the lender to shut them down at their option.

But practically, no need to sign any leases now as long as you both agree.

We just found about it and I am little frustrated because now I have to coordinate times with the tenants.Is this a common practice for refinancing?

Let's take another angle, say your credit debt was relatively low compared to your ability to create cash flow from an investment.  

I’m currently studying and practicing analyzing deals.

Until then the baseline for LTV calculations is the purchase price ($100K), so no ability to refinance out cash* For residential (my name / fannie mae, freddie mac lending), before 6 months they can re-appraise, but the loan can't be a "cash-out", the max loan amount is the financing basis - so if the title work said the 1st lien was $90K, that is max loan, if $140K then that is the max amount