Short-Sale Deal taking too long. Will BRRRR work?

[Rene Escalante]

Hi all, 

1st. Deal. Did not have enough money for it.  

2nd. Deal. Is a short-sale that I have been waiting for almost a year. 

This is what I have so far on my second deal.

a. Had to do a refi on my current home to get enough money for a down payment on my short-sale. 

b. My offer was accepted and then the bank came back raising the price from $110,000 to $125,000. The number still work for me in this area. I agree and sign the contract. 

c. Is been a year and looks like the current owner of the house is taking a long time to provide all the required paperwork to keep living in the house. I understand this is normal on a short sale and there is no problem for me. 

d. My Question. The price on this property when up and the new value is between $160,000-$170,000 Can I do the BRRRR strategy here and if I can. Does a hard money lender be whiling to give me a loan on this?

3rd. Deal Since I didn't want to keep waiting and paying interest on my home refi. I found a property cash and doing my closing on the 18 of this month. will bring about $240.00 cash flow after taxes, insurance, vacancy and repairs. ( since I did this 3rd.Deal now I don't have enough money for the down payment on 2nd Deal.

Thanks in advance. Hopefully my context will help you understand my situation. 

Cheers!

Rene Escalante