I know the general principle is to refinance the property and pull out the cash to pay off any debt (Hard money lender, rehab costs, etc...).  

But beware, if you use Their title co. they may not search for, and not cover, unrecorded liens.....code violation fines, utility debts, etc.

I personaly am closing currently 2 to 5 a month and find it very satisfying and empowering not to mention financially beneficial to my students as well.

Now wont the bank check your debt to income ratio.  

If not, then move to step 4.Step 4: After stabilizing the cashflow/property, prepare your personal financial position to allow for you to buy out your partner and continue on your own moving forward.Step 5: Find a bunch more deals and rock it!

You're trying to fast track equity/savings by letting others pay down your debt. 

Also, once you have the market identified what are some of the best ways to familiarize yourself with the market financially?  

Sounds like the issue is your debt to income ratio.

Budgeted $40k with my contractor but $50k in my financial analysis, so yeah, we should be able to cover this one...everything you read says you will make mistakes, no matter how much practice and prep and mentorship.

He's maybe a top10 financial independence blogger.Thanks!