So, keep that in mind if you plan to sell the property as it will keep people from buying using loans.

Why don't you put nothing down with your VA loan? 

Do I get tax breaks as well getting a cash refinance loan? 

Here is an example assuming $500K sales price, $100K down, $400K loan and appraised value of $450K.Down payment = Appraised Value * 20% ($450K * 20%) + Difference between Sale Price and Appraisal ($500K - $450K) or $140KIn this example, loan amount is reduced to $360K and down payment increases from $100K to $140K.

I heard something about taking out a loan against the value of a home appraisal and using that to purchase more properties?

Use your VA loan benefit to house hack with a multifamily.

Not much to tell .. just commenting on how dangerous and risky gap lending and gator or EM lending is. you can do normal first position fix and flip loans. through many brokers or just go to any REIA and you will find those that flip homes find one you trust and be the bank.. pretty simple really.

Is the property already encumbered with a loan?

Make sure that it's a new Mobile because once that thing has been moved twice, it's almost impossible for a buyer to get a loan on it.

I am new to the real estate investing field and am seeking advise between choosing a HELOC/Cash Out refinance loan for funding.My primary home is paid off and valued at approximately 600k.