I don't want to count on renting it out above market, though.

We occupied each of those homes while flipping, so I know one HML lender that does not count them as real flips.

I would be interested in this as well, so definitely count me in on that

I've done nearly 2.000 private deals (and counting) in my 25+ years specializing in this niche.

If you take the profit from the rent and use it to pay down the mortgage principal on the rental property, would that count as reinvesting in the business (that is, would it avoid taxes)?

You cannot find new homes that start under $350k, not counting the land and all the extras.

I suspect your vacancy rates will be higher based on section 8 C class property.You should not count on refinancing at 4% based on future expectations and would be safer anticipating rates at 6% or more.  

@Carlos Rodrigues  I can tell you they are not going to count your overtime at your new job since you do not have a 2 year history of receiving the overtime from this particular job.  

I used mostly credit cards and borrowed money for the purchase down payment and rehab cost, and now that we're finishing up I'm doing numbers on payback and the next property.I want to keep up momentum and start the next project soon, but by my count, it will take me somewhere around 5-6 months to pay off all the debts I incurred in the process of purchasing and rehabbing the house (not including the mortgage). 

Hi @Len Roche .Rate shopping only counts as one hard inquiry - as long as you do them in a fairly short timeframe - 14-30 days depending on the lender.