Typically, in my experience, lending requires 20-25% when you will not be living in the property. 

In my experience one of my biggest lessons learned when dealing with older properties always expect more than you initially thought. 

Proven Track Record – Experience in vacation rentals matters.

The dish washer sounded like it was at or near the end of its life anyway.

We ended up going back to the tried and true Excel Spreadsheet.

My interest rate and purchase price wouldn’t allow for positive cash flow unless I charged an unreasonable rent—or put about $500K toward the principal, which isn't ideal.I’m a high earner, so I’m weighing my options:Take the loss ($60K-$100K), buy another house, and chalk this up to a hard lesson learned.Refinance, put more money into it, and rent it out long-term—even if it’s not immediately profitable.Invest my money elsewhere and try to make peace with staying here for several years.Would love to hear thoughts from anyone with experience in real estate, financial strategy, or noise mitigation.

How was the experience?

You can be ready to go , funds in place , and show up the day of the auction that property you are going for has been cancelled, regardless what the website says.Besides that, I noticed that properties are put on auction a few times so there is a chance to keep tabs on them, and Texas has monthly auctions which is great for gaining experience. 

You can also not include those extra spaces, and then you simply have some association spaces that are excluded from calculating the percentage.In my admittedly limited involvement with the leasing exhibits etc, my experience has been that again it depends.

@Abrahm Dimmitt we found Deal Machine had a better user experience while driving.