In real estate its messy and there are always repairs and capX projects that seemingly pop up from time to time.

I would go ahead and buy his training, rather than ask questions here, if I was hyped up and looking to sign up with the program.  

After closing I will be going ahead with refi on conventional loan.I already have cashflowing 3 properties.

That's a mobile app for small handyman repairs lol!

PMC staff are good at maintenance and maybe repairs, but they are NOT licensed contractors with years of real-world experience.

I'm in Detroit now for inspections on one and to generate the scope of repairs on the other.

Each of the 5 warehouses on this campus will require updates (construction of offices/bathrooms, roof repairs, paint, siding repairs, new penetrations for doors, updates to electrical, insulation, and extension of water and sewer). 

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

I am a buyer - my buy box is 200k ARV, all in $150k after repairs, rents for $2000 per month.

Use the brokerage account to fund the downpayment and repairs to bring it up to the comps in the area.