Markets need to be steadily climbing to help reduce the risks flippers take.

I'm hopeful there has to be a way to find a lead even in a hot market, but I'm starting to wonder if I just have to wait for things to cool down... my hesitation with waiting is two-fold: 1) All the market trends and government fiscal policy indicate interest rates will only climb in the near future.

Another idea is there's a brisk market here for short-term rentals so if you live here or have a VERY good ability to manage your business from a distance you can beat 1% easily and maybe even start climbing a little towards 2% if you don't factor in the cost of your time to manage it.

I am sure this is a no brainer for many of you seasoned investors but for us it seems like a huge hill of uncertainty we need to climb. 

Please tell me it was an indoor hydrant and stairs for the dogs to climb onto the bed.

@Jack Bobeck I cant imagine having to climb out of the hole created by that bubble.

If you are just starting to climb the real estate investment ladder, the tendency is to go after the smaller deals first with hopes of building up confidence and your bankroll for your third or fourth project...so keep that third or fourth project in mind right now and get a larger than needed LOC. 3.

Can someone explain why the fund rate climbed to nearly 20% in the early 1980's? 

Once that loan climbs up to $10,000 or more, you will then need to impute interest on that loan, so now you've got Interest income on your personal return and..... well, this whole scenario just becomes stupider the more I think about it. 

All very valuable, none more so than learning how to avoid marrying social climbing females!