@Josh Calcanis congratulations, just curious did you look into the option of pulling a revolving HELOC to acquire more properties so you could reuse those downpayment funds in the future if needed?

Please critique my hypothetical plan for this flip.My flip revolves around the house listed below:See what I found on #Zillow!

Cam

I work with credit challenged clients all day, every day and the five things you can control are your payment history, your debt load or amounts owed (which should be no higher than 30% of your available line of credit - do this for your revolving debt), length of history so keep your cards open, new inquiries can really ding your score so first find out what are the underwriting guidelines before you let anyone pull your credit.  

The market for these is much more efficient than regular residential real estate so cap rates tend to revolve around a central cluster at any point in a market with  outliers being a function of risk and quality . 

If you don't have one, a pretty cheap one is just a cell phone running a security cam app (like Alfred) with a motion detector.  

@Harris Culley I would look into getting a CAM license if that's the route you want to take with managing properties.

Yeah I've talked to a couple management companies I'm looking more on cams no for a few reasons.1.

@Jeffrey M.A HELOC is a revolving line of credit whereas a cash out refinance is only a one-time lump sum amount of cash.

Aside from my Revolving and Installment payment, the only other monthly expenses I have is rent which is 786 along with my utilities.