@Evan File Biggest situation which you must resolve is never letting your eyes get off the ball.

I looked in my crystal ball to see when I thought that “break even” point with the tax would be and if I was comfortable with that.

.), the end result being we took our eyes off the ball to the deals that were right in front of us!

All I can say is that you have big balls.....good luck....hope it works out for you

I am assuming you want to get a FHA loan which if that is the case MFH would be great as you come in gives you 2 years to rehab both sides or at least yours depending on if tenant moves out refi and move out to your next property and keep the ball rolling the roller coaster is always going to be the first property the first should help pay for the second second to pay for third and so on so forth hope this helps 

Last thing I need to do is be behind the 8 ball right off the bat.

I was wondering if anyone had experience with a company called dohardmoney.com I am considering using them to do my first flip to get my feet wet and gat the ball rolling.

@Duane Whittaker Highlighting  several good points here, leveraging is your key to get the ball rolling faster, although it does increase risk, so the risk tolerance. 

When you walk into the main office to get your badge there is a volley ball court ( sand of course) and the kids were out there playing looked like Venice beach LOL

Now that is new construction prices so figure that and I would add a few hundred to that and that might get you a ball park figure.