Hi @Dave Tab yes for the low money down loans as far as I know you need to be able to show you are occupying the property.   

I suspect PML terms and money will get tighter - at least for a while.

I moved to North Virginia from NYC and saved my money. 

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.

If you're looking to invest your hard-earned money, I'd also encourage you to actually drive through the areas designated as the STR zone.

Do not use American Money Loan Services or Tom Vanderlaan.  

If I want to make more money then I need to go figure out how to make more money. 

You risk going over and then you are no further ahead if you sell.If you do renos and rent it for $300-400 a month more, it will take you more than 5 years to get the reno money back.

The premise of the time value of money struck me: "Money in hand today has earning potential, and we can turn money today into more money tomorrow by investing it."

It is a very secure investment, and it is almost impossible to lose money on this deal.