So issue is essentially what you were asking access that equity other than selling it and "how to" measure the refi fees & cash in hand vs effect to cash flow & refi fees.I have seen a couple posts asking about using HELOC loans which I guess have less fees but just started researching those but I guess they are lower LTV so might not offer access to as much cash.I guess it all depends on goals and what you want to accomplish...

I would appreciate feedback from investors who has used this medium and the effectiveness of this marketing technique. 

Is it more cost effective to just have a PM take care of this or do they generally charge a premium?

If theres even a possibility that a bad deal could have a significant negative effect on your family's situation then you have to pass on the deal.

The Air Force recently announced plans to increase force size for the first time in 6 years, in addition to the recent increase in housing allowance for military members, both of which I expect will also have some positive effects on the market here.

You may be able to use the cash as collateral for a loan if you want to retain it while the bankruptcy falls off or put in a brokerage account and buy some decent dividend paying stocks and pull out cash using the available SMA in the account effectively creating you own loan while the dividends cushion the interest your paying. 

The on-board MDS system is very effective.  

The lease will stay in effect.  

The two agents help minimize the effects of what is commonly referred to as "dual agency."8.

He is a young, enthusiastic, communicative brand new investor who I believe would do you proud in this undertaking.