Set up your rules, and don't rationalize your way out of them.My rules are based on the strategy (enter/exit) that I am using for that property.  

I am using  my own cash and will refi.

I plan on holding a full time job and do this in the afternoons in weekends and am using my time before graduating to learn and connect as much as possible.

In my case I am using a HML because I only have capital and not any of the documents that you need for bank loans fha etc..

I am using cash for the REHAB as well, and intend to rent it out, and find a Bank to do a Cash out REFI.

I am using Guild Mortgage, from which I heard of on one of the podcasts, and we have a branch in my town.

Depending on who you use, I am using a retired ministers wife and she is awesome, I would think you would need at least 10 rentals, but some may have a better cash flow or less. 

I use to use beyond pricing but now I am using wheelhouse.

Yes I did a cash out refinance.The cash I am using for other investments.I want to know if there is a way of using the equity (nearly 500k) to finance more Fix and flips?

So far I am using "smart home" technology to help me remotely manage the property, and its working out splendidly.The other nice thing about being within driving distance is it makes the property search easier.