Given the circumstances, I’m unsure whether to proceed or back out of the contract.

If you don't double & triple check everything, you stand to lose money while the people promising you the world make money.  

I have a number of lenders that I work with that will do up to 80% on a cash out refinance.

You can also check their reviews online at Google, Facebook, or Yelp.

Hello, my name is Trevor and I’ve recently took in the interest of wholesaling properties, I have never networked before so I’d like to make friends and potential clients in which we can both help eachother out some. 

Check out the threads that Nicholas L. linked to above then use the search function and you will find literally dozens more like it and begin to understand what can go wrong. 

However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.

In order to do so, I would need to do a cash out refinance of the first property, and was told I can pull out $80,000.

This includes credit, criminal, and rental history checks for all parties.

The key to investing out of state is finding a good property manager.