Feel free to reach out. 

I’m in the learning phase and saving up the cash for my 1st deal.

Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

I have a reasonable amount of cash on hand, excellent credit, and low debt-to-income ratio.

Vaughan, did you tell him he said he would do it for free?  

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

Hi @Matthew Mclean, feel free to reach out via email to any of the real estate-savvy CPAs here on BiggerPockets.

I looked at a few auctions  in the past, but they were cash only.Good luck!

I flip with cash, not loans, mainly because there are not enough deals out there that meet my highly selective acquisition criteria, so no need to pay interest on cash otherwise sitting in a money market account. 

The first goes to foreclosure you will need to cash out the first before it goes to sale other wise you will get wiped out..