Is it realistic to think the bank will refinance after 1 year.Just looking for some mentoring for someone new to this, but quick to learn and I would be eternally grateful.

You're better off finding a local mentor.

RE simply is not for everyone and that you can go from zero to an investor by learning some techniques etc.. you can learn all of these techniques here on BP or through gurus its all the same material it really is... one is free basically ( here on BP ) the other is paid for.. or you can go the private mentor route ( highly suggested for those WITH Money) and have some business background....

Welcome to any mentor, I can offer good interest rate, good security, free assistance in anything I can help with while learning.  

Hello Everyone,I'm John an IT professional who's a newbie when it comes to Real Estate, however with the coach mentoring I feel that I could be successful. 

Hi Everyone,I'm about to do my first RE deal with the help of my father in-law, acting as a mentor (he is a landlord and RE investor locally where I'm buying which is in/around Albany, NY).The deal is a short-sale, and we made a cash offer w/ proof of funds back in mid November 2015.  

Do you have any mentors/friends who have already been doing this and you can call if you have questions?

Start your search at your local REIA.Alternatively, invest in a coaching or mentoring program that specializes in short sales.My concern for you is that you will lose any money you put in your deal and even worse, end up getting yourself in trouble that will end up costing you a lot of money in legal fees.

Any groups, educational programs, networks, books, mentors etc that you can advise would be appreciated.

Texas has some outfits that offer excellent mentoring.