I assume you currently have a residential mortgage that does not have a pre-payment penalty.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

.: For current/past BAM investors, how has your experience been?

Whether the lender decides to do anything, and exactly what they decide to do depends on the lenders particular strategy, target ROI, risk tolerance, current interest rates, interest rate of subject mortgage loan, etc. 

.- Background: Took some real estate classes before but really a lot of self learning on creative financing - Current Goal:To close my first wholesale deal within the next few months by learning from seasoned investors and applying proven strategies.I'm here to absorb as much knowledge as possible, so if you have any tips or resources, I’m all ears!

Current Huntsville market, 150k will get you a 3/2 at best in maybe a C+ neighborhood unless you get a unicorn off market deal.  

We currently live in CT.

Austin is not a great cash flow market currently, but has proven to have solid long-term appreciation.

@Anita Z. do you currently have a CPA you work with?

Our insurance has been canceled on this home and we are working on getting insurance to cover when this current one ends.