I eventually ended up replacing the whole roof.At the end of last year, I talked to him about extending our agreement because I spent a lot more money than expected and had credit things to get in order.

Hey I am new to this site and to real estate I dont have any money nor good credit so where should I begin 

I don't know why you're having a difficult time finding a bank to do a refinance for your investments.This is a very common and typical practice so I would suggest calling a few more banks or credit unions.

Then some of your cash is in your pocket and you will start to establish your credit in real estate investing? 

All single family.Now the tenants usually have less then 700 credit.

I think that in order to feel confident about investing I need to spend about 4 months paying off debts (credit cards, cars) before I can reasonably allocate money to investing.

I've been working during that time with almost perfect credit scores so getting loans to purchase rental properties was a breeze. 

They are a rental guarantee insurance company that helps tenants with less than stellar credit or people that just moved to the US without prior credit history.

If that falls through credit score is very good and I am in the process of trying to find banks that will finance.

What we do though is give you partial credit for the proposed rent on the property that can help you qualify.