Heck, i found "freedom number" thru BP!

While I'm quite young and not worried about "early retirement", financial independence is definitely the end goal and the freedom it provides. 

Not asking for answers, just food for thought: - what is my freedom number, meaning, how much do I need monthly / annually to leave my job and realize my dream of traveling? 

Bottom line: your freedom is at risk so get good legal counsel and follow their advice.

Right now I’m in the learning stages before we pull the trigger to find that right property in Spring or Summer next year.Our main objectives are:1) Build financial freedom through cash flow.2) Looking to buy and hold rental properties.3) Finding a solid deal with good numbers for our first property.

Something I learned to late is to convert them to a tax free account and make up the tax and penalty by possibly being able to invest in a place other than the stock market by having a true self-directed IRA.If I was younger and was more aware how things worked I would be much better off when, and if I did, retired early and spent my later years on retirement by having financial freedom. 

I want to achieve financial freedom and retire early by owning rental property and doing flips.  

@Anita Muhammad not sure what CLUELESS book you are reading, but short answer to your question, YES. buy, refi buy more , do again and again. .Rentals provide freedom. good luck 

For someone who is just starting this journey to time freedom and is looking for many methods to do real estate.

Anything else though may not be worth your time or potential liability.True freedom is freedom of time, so if you can automate most parts of your business, then you're golden.