And of course, don't draw too much from it so that it eats away at your potential gains on your next property.I love talking about split entitlement for VA loans and also advising active duty and veterans on how to utilize their benefit to the max.

I just dont know where to start disputing this, if it is with the plumbing company first, with the HOA/MC who authorized the additional fixes, or just maybe eat the cost and try to put an insurance claim under my rental condominium policy if i can. 

Considering the extensive rehab, there seems to be potential for a lot of unknowns during the rehab that would eat into my profits or wipe them out entirely (like major unexpected repair items, overages in current budget, or increased holding costs as my renovation scope expanded or progress gets delayed...which is bound to happen at some level).

Hiring a management company when all they do is eat away at your profit and take advantage of you. 

That said, there is nothing wrong with answering the phone, responding to emails, doing research online while your kids are playing, eating dinner, doing homework, taking a nap, on a slide at a playground while you are sitting on the bench, still sleeping at 5am while you are enjoying your first cup of coffee, etc. 

This constant repair eats up all the cash flow.

What I’m lacking now is experience and a sound plan.I have been working to get into wholesaling and I feel as if it is eating away at my cash, seeing as I am a college student and completely independent I feel irresponsible for burning my cash when I have my bills to worry about.

However this would eat all of the cash reserves I have for the down payment so creative financing seems unlikely. 

I can't help but think a recession is still a ways off due to the labor market, the insane salaries that are being paid, and the way everyone continues to eat out despite the astronomical dining costs.

I agree you should try and go with GC that has their own sub contractors, if possible to limit undue delays that can eat up money.