I am a novice but I have the time now to go full-time so that is my goal.

I am a full time land manager for a private oil and gas company in Fort Worth, Texas and am excited about becoming more involved in real estate investing.

I also kept a real estate broker license active for about 30 years but I never did that full time.  

As part of the re-qualify, you follow the whole same procedure and receive the full amount of escrow.

If you think you will go FHA, Conventional, 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.

The Bigger Pockets book store if full of great books: https://www.biggerpockets.com/store

I'm interested in finding ways to invest while keeping my full-time job with the military.I have a little bit of experience with the "buy and hold" strategy, but I would like to explore the idea of partnerships to expand my leverage. 

Your Offer needs to take full account of all the things that can go wrong with it (and your finances) in future, because even though you hope they won't, and it doesn't look like they will, they might! 

Buy and rehab, then sell as soon as humanly possible and repay the loan.

Make sure to check out the Bigger Pockets Blog: https://www.biggerpockets.com/renewsblog/It is full of great information.