Stick to your conservative investment strategy, build up your dry powder and aggressively invest during the inevitable downturn (when that happens, I don't know...lol).

On the walkthrough, the home looked great other than some rotting siding, a couple broken windows, stained carpet and old water stains on kitchen ceiling.

@Alison Fountain Faced the exact same problem - banks happy to loan to you while you have the W-2 job, but when the job ends, the loans dry up.Try taking some local bankers out for a coffee or lunch and explain your situation.

This won't be done until the ground dries. 

The seller insisted that I use his attorney as the escrow agent, which I typically don’t do, but the deal was relatively cut and dry so I was agreeable after drafting favorable escrow language.

Has anyone found that fix and flips are drying up?

The ceiling is bone dry right now, and was after our heaviest rain a couple weeks ago.

Just this past weekend, we placed a bid on a fixer upper with termites, extensive water damage, dry rot,  you name it. 

I have a rental rehab coming up end of march and coming up dry with contractor leads to get a bid.

Flipping is a little more cut-and-dry, but there's good money to be made as a buy-and-hold investor in lower-income neighborhoods and places you wouldn't personally want to live or even go to at night.