I think paying off a loan with a high interest rate debt and adding to the principal is one way to stay liquid within the property. 

So much of the land was just taken by the river anyway -- it just re-routed itself and swallowed up most of the land on the riverside of the road.I do have one more favor to ask -- if anyone has leads on an accountant that can jump in to help us file last year's taxes by late November, I would be grateful to hear -- I still need to get them done, and especially need them done in order to apply for the SBA loan by the December 2 deadline.

If you use debt to buy the real estate the IRA will incur UBIT so educate yourself on that. 

Most investor utilize short term hard money debt to scale their flipping operations where the lender will fund 80+% of the purchase price and the rehab budget which can allow investors to work on multiple projects at once.

I also don’t have a percentage, but in general - I have found Facebook Marketplace to have the “coldest” leads.

I would use money from a HELOC that I have open to fund the down payment, but as @Scott Trench stated recently on the podcast, that is a short term solution, and I don't want to hold that $48k debt for more than a few months. 

One thing I have also seen investors do is have too many personal use days which can have lead to a similar situation as Jackson.

This also leads owners to ASSUME simpler is better when it comes to management contracts.

So I did that and my property revenue cannot service the debt but using my strategy I'm cash flowing $1100/month after PITI on a new construction home under warranty. 

Aloha guys, I am a new investor with no knowledge and experience looking to BRRRR in Indianapolis and looking at a Seller's Disclosure and Lead based paint.