Is this correct, or can I get a refinance if say I buy a house for 50K and than ask for a refinance on that 50K property I bought in cash (without performing a rehab)? 

For my first deal or so I'd envision contributing the due diligence on the acquisition, performing all project management of the rehab (while paying contractors at an arm's length), refinancing / financing the property and then performing the subsequent management.  

Drive to examine the problem  1/2 hour , drive to supply house to pick up materials 1/2 hour , drive back to house 1/2 hour , perform work 1/2 hour   There is 2 hours of labor not including materials .  

How are similar properties in the same area performing?

Hey BP, I'm brand new to RE investing and working a full time job as aero engineer.

I worked 10 years for the consulting arm of a big 4 accounting firm, helping Global Investment Banks, Insurance Firms, Multinational Asset Managers, and Hedge Funds improve their back office operations, specializing in implementing investment performance measurement systems.

Ping some world class performers in their respective fields, and see how many hours of sleep per night they get ;)

48 unit apartment complex located in a C neighborhood. 44 2 bedrooms and 4 1 bedrooms. 3 of the roofs are brand new and one needs to be replaced. 

Our app is NON-BRAND specific because let’s face it, there are good and bad agents in all brands so we’ve even built-in an agent endorsement program for agents involved in a deal to endorse the other party if they were happy.

They are asking for a line item, not who will be performing the job.