Staying as liquid as possible might also help you handle CapEx, taxes, small repairs, and so on.Let me know if you have any questions—I’d love to help in any way I can!

Really the person that is going into the flipping game should know the market very well to do these comps on their own, and back it up by asking their trusted real estate agent/professional for confirmation.

My personal opinion is that, while shifting investments into real estate may be the right move for your situation, there is likely a lot of work to be done before you get to that step to avoid a potentially costly mistake. 

Basically ARV x 80% or 75% - Repairs When purchasing the property and paying for repairs with cash.

You could probably go as high as borrowing up to 80% of the after repair value (ARV.) 0.8*165,000=$132,000.

Based on what you’re saying, this deal doesn’t work—at least not for cash flow.If you’re losing $500/month upfront, that’s $6,000+ per year coming out of pocket, not counting potential repairs, vacancies, or unexpected costs.

Make sure to run the numbers carefully and focus on after repair value, purchase price, and rehab costs to ensure a solid profit margin.

It wasn't in this condition when I checked it a few months ago.1) holes in walls and bad patch job2) They super-glued a faucet knob which now doesn't work4) They bent a towel rod5) They dented the stove vent hood (needs to be replaced)6) They stained the butcher block and it cannot be repaired.

Without being able to see the properties on the inside, it would be difficult to judge if repairs were needed.

Buy a few things on credit that you would just usually pay cash for.I personally would not rush into a Heloc or such.