You have to start your savings regimen all over again (because you won't be able to refinance in the foreseeable future to get your deposit back)! 

His end goal is to refinance with a conventional loan but he wants to wait another 6 months after his credit score improves from his current 650 credit score to receive a better interest rate.

The new problem is that I cannot get qualified to refinance a property, let alone buy another because my DTI is too high due to my tax return.What is the most effective way to keep my DTI good while not paying a ton of money into taxes? 

Can anyone enlighten me if I can get a cash out refinance on a Condo purchased for $55,000 cash in DFW? 

Id like an immediate wall of separation between our current state and our future acquisitions.I guess I'm not sure how to weigh the penalties and fees of a 401k loan/disbursement against the accumulation of future cash flowing assets (with the ability to refinance).

Will you Refinance to get some of your cash back?  

You bet!

Whether you sell or refinance ultimately depends on your goals.

I bet if your parents gave you a power of attorney for the property you wouldn't be considered a PM but just acting on your parents behalf.

To BRRR can you purchase and rehab with cash, and then refinance later?