Or as a builder, is this beyond your expertise? 

It's nice having a local resource with financial expertise!

Most towns don't have a full time attorney and if they do, that individual has to be a jack of trades who may not have lots of expertise in one this niche area.

@Ryan Groene This sounds like your area of expertise

If I crash, i'll get up and do it again but with more expertise and confidence. 

I'm looking to use Bigger Pockets to learn new strategies for investing, grow my network and hopefully share my experience and expertise with the community. 

hello mitchell,ed reid here ,as it pertains to refinancing ,thats a good idea 1st of all  you will be able to pull some cashout and hopefully reinvest it in another project,being that you developed some expertise in your intitial remodeling efforts,this in my opinion has set the stage for  you to start building your real estate portfolio ,the lending environment is very laxed meaning you can acquire financing for  real estate investment , there are some tremendous financing program that allows you to acquire property to rehab and flip it or keep the property as a rental,and the really exciting part is that when you refinance the property you will be able to recoup all or the vast majority of  your initial capital,utilizing this technique will allow you to realize massive cashflow because you will repeat this formula over and over.have a great day everyday doing it gods way!

An agent can bring a level of expertise that you may not have.

Another idea if you have the expertise is to buy cash flowing stocks (i.e. dividend) and open up a security based lending account against the portfolio for liquidity. 

Mike - First, not my area of expertise but will offer my armchair quarterbacking until one of the many smarter than me can chime in with actual experience...1- do the homework you can and figure out what he owes as of today.