If you are undecided, I would suggest considering Columbus, OH.

Since this is your first deal and it seemed like your best investor is undecided at this point...you need to partner up with an experienced syndicator who already have some investors lined up.Before I even make an offer on a property, I already have some private investors and it's just a matter of calling them when I get the deal under contract.

If you are undecided I say ride it out for a few years and rent that property out. 

Here is my situation;My first home 135k, owe 90k, equity 130k, could rent at $500/month, undecided to sell or rent.My second home 220k, owe 174k, equity 100k, could rent at $1600/month, upgraded to my preferences, rather not rent.I am 34 y/o, single, I have savings of 110k approx., no student debt, car is paid-off, no debts other than two mortgages.

Undecided?

Don't get hung up on that too much, there is something to be said about keeping moving forward vs. getting it perfect.If you are undecided go with @Max Gomeniouk s proposal and get a HELCO and refi later.

We were undecided what do to after this flip, so we stayed put hoping to save money and gain knowledge before our next move.

This would also be a big help in finding hot markets to work in, as I'm currently undecided on a specific area. 

Undecided about stair material.

Still undecided, but I personally like hardwood floor.What are the pros and cons in terms of cost and maintenance for rental unit?