If your rehab budget is off $8k and comps come down a little (in the fall/winter) you're in a pinch. 

We pinched every penny and tried to put the money where it would have the most impact on the overall value of the property.  

From my home at the base of the Bass Pro Shop Pyramid, in the Pinch District, in Downtown Memphis to my office in East Memphis it is 10-15 miles depending on which route I take.There are three different routes which take me through a total of 50+/- different neighborhoods in the City of Memphis. 

Many times they will default down the line and really leave you in a pinch.

With an FHA loan you only need 3.5% down so that is $142,000 - $200,000 more in buying power which is a world of difference.If I lost my job or something else disastrous and the loan needed to be paid I would be able to come up with the money in the pinch...even if its borrowing money from a family member if absolutely necessary. 

Just find it in yourself to have a pinch of tolerance for those of us who are at the beginning of our journey.

I spend a good amount of my disposable income on travel, but I pinch pennies on food, clothes and, really, everything else. 

If you are young (I'm 34) and you have a reliable W2 job that can bale you out in a pinch (I'm an RN so have excellent earning potential and job security) then be aggressive with leverage.

I also know how to calculate them to make sure I am not in a pinch when they move up and I normally cash flow my loans with ARM's to be paid off prior to the first opportunity for the ARM loan to reset and my interest rate to rise anyway.

It's in quite a pinch because our contractor just jumped ship on us in the middle of the project!