Was that purchase money, rate and term refi, or cash out refi?

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

So pretty good equity position within a year plus cash flowing well based on a $325k purchase price.

Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. 

Purchasing a fully furnished 3-bedroom home minutes from a large hospital and a SUNY University.Whom (at the hospital) would I contact to determine if there is a market for mid term rentals.

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

@Aristotle KumpisWe do 10+ Flips/BRRRRs annually and fund with Hard Money and Private Money.Hard Money will fund 90% of the purchase price and 100% of the rehab on a draw schedule.Our Private investors will fund the remaining 10% of the purchase price, the first portion of the rehab (to be drawn later from the HML), and the holding costs.Of course, with private lenders, you must give up equity or a return on the debt.

I'm having a very hard time with them and on the verge of losing my earnest money on a house purchased to flip.

It's a super affordable real estate market where you can still find deals that hit the 1% rule anywhere from $120-180k for a single family (or $200-250k for a multifamily) purchase price.

Slowly work your way up to bigger purchase price and rehab budgets.