I’ve done my calculations and have seen that I will be breaking even with this investment day one.

You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.

As far as lenders, if I don't get the numbers that I'm looking for, can I go with someone else even after they have done a lot of work like appraisals and surveys?

i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.  

. - cash flow is difficult now with long term rentals even if you pick markets that have lower purchase prices than Boston.

Any lender will see the income/loss in this manner even if the debt is not on your credit report.  

Tell the PMC to screen *thoroughly* for quality tenants even if it takes a bit of time.

Facebook is the last place you want to find private money. whats unfortunate is real estate professionals are still advertising to us newbies Facebook is the place to find the lender.What’s even more unfortunate, @April Smalls, is that newbies are falling for it.A few years ago, someone created a fake website that impersonated our company.

Let that propel you forward at an even faster pace.

It often delays or even halts the project.