just to be candid - i am very skeptical that a house at that price point will cash flow. 

Refuses to extend the 15 day escrow which we did because we were told it was a cash deal.

Quote from @Daniel Tanasa: Another option is to get a small cash out refinance from the house you plan on fixing up, if is in financeable condition, and use that to fix it up, while still cash flowing.

You could buy 5+ cash-flowing houses and let a professional PM handle the load.

house was built half way onto my lot.. owner of house went to court he only had to pay what half of the lot was worth at the time.. so no big win.. more like a big hassle

Quote from @Clayton Silva: 2nd position HELOCS on investment properties are typically capped at 70% LTV and have rates ranging from 9-11% just a heads up unless you use a local credit union where you have cash on deposit with them. 

We have cash in available however I'm seeing that when applying for a HML you need proof of liquidity.

Quote from @Scott Cash: I'm part of a three-member LLC that owns a $10M commercial property outright (each holding 33.3%).

My criteria is cash on cash return.

Positive Cash FlowImmediate cash flow isn’t always possible in growth markets.