Sorry for the lecture but I can't help but remember all of my tenants are people and want to treat them fairly and give them nice places to live, while also making money.Just raise the rents, some will leave, some will stay, but you put the ball in their court. 

Hi Brandon, not to lecture you, but we always suggest that you already line up the refinancing before you start the rehab. project.

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you never mentioned a niche of interest, below, are three links for your review and selection of one or all.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Ok, now that you have taken your initial step, below are some quick links to get engaged.Since you mentioned an interest in buy and hold, I added a couple links below on this niche for your review, while waiting for local connections and feedback on the Kansas City area. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Now for my lecture.  

It's just a refinance, so you should be able to do that.Understand you won't be able to use boarder income to qualify and if it's now going to be owner occupied, DSCR loans will not be an option.There's a lecture to be had here about changing plans mid stream, making sure you qualify for the different type of loan that you're asking for before you need it and the beauty of having a plan and working your plan.  

Also, I don't mean to lecture, Jeniffer, but you're from northern CA.  

Just FYI, I learned about the concept of Creative investing from an online lecture which can be found in the link below.

I actually purchased Darrin Garman's Commercial Broker tool and I have had the same experience with this product.He claims to provide all these great ideas, but all he does is forward mini- "pep talks" and really not much substance on clear things to do except for a couple of hokey ideas about referral contents and giving lectures.

He gave great lectures and thrilling insights about his experiences.