@Michael Wetherby, even professional Flippers get it wrong sometimes, often then relying on their Lenders or their own deep pockets to keep them out of strife. 

Take a deep breath and look at the numbers. 

Also, as far credit score goes you want a 740+ as this will get you the best rates but you can get started with most lenders at a 620.If you have any other questions don't hesitate to message me as I was trying keep this nice and broad and not dig too deep in 7 different directions :)Best of Luck!

It was rust looking because of the fertilizer she used Another said the insulation was too deep in the attic and could start a fire  🤨 My friend is a fire safety inspector   He took a look, said the inspector was completely wrong 

Do a deep dive into the market.

At the time I was waist deep into market research, learning REI strategy, and reading some books on rehab.

On this list are hedge funds and guys that are flipping 20 properties at a time with deep pockets who commonly buy stuff sight unseen within 5 minutes of looking at the pics and running some back of the napkin numbers.

Pick a strategy and learn everything you can on that strategy (and of course your target market).Education is your foundation so do you want a strong and deep foundation, or a mickey mouse one?

Deep Pockets Landlord.

I bet if you put some work into this that you'd find out they have some account deep in the balance sheet that where all the unused funds from that 7% accumulate or that was a plan.