@Paola Astrid, if so be the case, refi to a conventional investment loan. 

It recently dawned on me the idea of a non military affiliated individual assuming a VA loan, would this individual be able to then also gain the benefit of using an IRRRL since they have now acquired a VA loan through assumption?

I'm using my VA loan so I don't have to put any money down & can keep money in my account to fund rehab deals. 

You get to take depreciation on an appreciating asset, you can even get tax credits for various projects and actions which depending the level your at equals a pay-day. 

Hello, my name is Julian. I am a licensed realtor based in Atlanta, Georgia, and I am currently working on obtaining my mortgage origination license. I am 14 hours into the 20-hour online course offered by "RealEstate...

Paid off my primary when it got down to 90K.... not a ton of loan left, so I just paid it off, but still had plenty of $$ to invest in other things...it didnt tap me dry to do it.Exactly. 

If the lender is licensed in the state you're buying in, then they can do the loan.

The only way to pay down a loan, is to pay down a loan.

Also there is no restriction on acquiring conventional loan on primary residence even if you have maxed out on conventional loan for rentals.

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.