Definitely the best way to gain experience is to partner on a project with a well-seasoned investor - there are many ways you can do this and it just depends on what agreement you come to with the partner you have in mind.  

@James DolhancrykThank youAs rehab slowly concluded we did physically move back in around April to start PT and leaving first week in March 2020.This was home-base while managing otherProperties in the locality, for the long season.

You can get the stats from the  CDC here:https://www.cdc.gov/flu/about/...The CDC flu estimates for the 2019-2020 flu season between October 1st 2019 through Feb 15, 2020 looks like this:29 - 41 million flu illnesses13 - 19 million flu medical visits280k-500k flu hospitalizations16k-41k flu deathsSo that is 16,000 - 41,000 flu deaths in just the USA in 4.5 months.These stats fluctuate every year depending on how bad the flu strains are in any given year.  

Our plan is:1. transfer property via quitclaim deed2. clean up property and address minor property issues3. appraisal/cash out refi4. hire a property manager to manage the propertyI've read of a seasoning period, but is there a way around this?

You can start by driving for dollars and identifying homes that look in disrepair or are unkempt, but it sounds like you need to know a bit more which you can learn networking with other new and seasoned investors at meetups.

No, @Curtis Woods, you should not withdraw and pay the tax and penalties.

This means, if you out 20% down...plus closing costs...you wouldn't get all of what you put in back.Also, the property needs to be seasoned, meaning you usually need to wait 6 months before you can do a cash out refi.

As for prevention, the biggest thing is to avoid any wood touching the ground.

Had a history with the property so knew the potential and happy to say 2019 rental season went better than expected.   

By the way this lender advertises "no seasoning", I sent it to a second wholesale lender with the same results.I'm not posting this to deter you from the BRRR strategy, quite the opposite, BRRR is my second or third favorite investment strategy (live in flips and house hacking hold the top spots) but rather a warning to talk to your lender about your ultimate goal and verify your exit strategies before it's too late.