If you were to buy a house comparable to what you are renting, it would eat up that $1000/month you are currently saving.I would count your lucky stars for the cheap rent (my brother pays that much for a 1bed/1bath apartment in Long Beach) and use the savings to invest in another market.

Education will pay higher dividends than investing. 

Hey (:So the traffic on this post might give you the answer...Generally a good cash flow market, flips are kind of stuck.

It could provide valuable insight into timing your refinances strategically across 3, 5, 7, or 10-year terms to hedge against market fluctuations and avoid unnecessary risk.

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.

Try to hang on until the end of the lease, or at least until there’s only 15-30 days left if the tenant is really keeping the property up and will let people walk the property while they pay rent.

Now way in hell would I pay more then 7X even for the white-glove silver platter delivery. 

Look at their marketing strategy.

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

Since you will be using the funds for construction, you will most likely be paying in draws as the work is completed, so you can draw on the line in similar fashion.