I recently spoke to a realtor in the poconos, in particular regarding Masthope and he said obtaining a str permit is very hard now, if not impossible.

For quick math I have a range of each between: 700/yr to 3% of gross income

We have many quick rehab deals reappraised and refinanced after the work is complete without much seasoning, usually around 90 days.

It's a great way to get started.

My renewal with Burns & Wilcox is now at $3270.

And he is a rock star lender.

I'm a licensed broker here in Ma.

Is that a good cash flow? 

@Brian Fisher It sounds like this was a frozen pipe and not a pump issue. 

You don't want to lose your rate on the house you are living in now unless you want to sell it so since that is an owner-occupied, you need to stay there and save up the 20 percent for the second property based on what you said.