I also welcome things I should know and mistakes you may be open to share so I can have a better idea of what to expect. 

@Jeff EbertRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Possibly take some cash out at the same time if the LTV and equity are within range.No, It is not normal for "Banks" to make this mistake usually its a "Lender" or smaller "Mom & Pop" broker shop.

I'm looking at home equity loans for another rental property we own currently.More than likely, we'll have to put the property back on the market and find some cash to cover the difference between current construction draws and sale price.It's an expensive mistake - but we'll be back again to fight another day. 

We can share stories of mistakes and timelines that have been made along with great successes with servicers over our past 10 years. 

The worst PM imitation I ever had the misfortune of employing

Bigger Pockets has a wealth of information and the forums get you even more information that can save you from making a mistake. 

You have to consider worst case scenario of not doing well in RE right away. 

"(Pick-a-minority) tenants are the worst."

The same deal falling onto the lap of an investor without cash or access to quick credit, would at best end up giving up half the profits and at worst get a small “finder” fee.1.