I'd also be managing the tenants and leases myself.Any suggestions or examples of what you did in the past that could be applied to this?

Great thanks Glenn.What do you improvements or modification do you suggest to improve cash flow?

and any suggestions on some good ones?

What are some simple CRMs that are recommended to stay organized when coming in contact with leads?

I don't know if you can qualify as non occupant co-borrowers together, as we don't know what anyone's income or liabilities are.I suggest you do a couple things: Write out a plan and agreement between the three of you with the date you plan to refinance and who pays for every penny.

Any advice would be greatly appreciated.I suggest you seek out courses that actually teach you how to safely do it.

If so, I'd suggest joining the local Real Estate Investors Association there; I am a member myself.

Or take the 401k loan.. collect some of the interest from the savings and just pay it off but as the payments go down less interest i will get back Any other suggestions or ideas ?

Borrower short on a variable rate (HELOC), borrow long with a fixed rate.I can potentially do either for you but would suggest a fixed rate either first or second mortgage. 

Thank you for that suggestion!