Since the rent roll was too low, she had to secure financing through a private lender that based the loan on market rent rather than the current rent.

Way better returns on the cost seg than you'd ever cash flow from an LTR. 

If you're willing to have roommates, your options open much more broadly, and you can potentially assume a loan with a low interest rate. 

I'm very good at running comps and determining rehab costs.

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

@Bonnie Low  How does baselane handle credit card transactions?

Housing prices are high, mortgage rates are high, and competition is fierce so revenue is way downIt’s one thing if you bought a while back like many of us did, so your cost basis is much lower.

@Armani Pimentel Yes, I believe that wholesaling is generally not the way to go, because it is getting banned, there are people who try to take advantage of aspiring entrepreneurs like you, and it is extremely low probability. 

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one.