My next post will be about perm debt financing fixed and floating rates. 

I need the 25 year amortizing to make the cash flow work for me.However, they will move the balloon to 15 years as long as I allow the rate to float after the first 5 years.

None of that "check is in the mail" dialogue, and those without bank accounts can pay in cash (or wampum, for all I care just so long as it clears the float!).  

Most fixed options are higher than floating.  

Constantly I doubt my refinance value, I feel like Im making a mistake.Has anyone else had a similar story where they floated the renovations but it paid off in the end?

Maybe the seller would go into contract with you with a floating closing date but also with a management agreement so you have control and operate them before you purchase the entirey.4.

If you have both then you can find a lender, just be prepared to float 40k - 50k to get a deal done with an as-is value around 150k - 175k.So as a newbie, even if someone works with you, you will get gauged on your first. 

Its a floating floor, so it technically isn't right, but one glued down piece in the middle shouldn't cause any issues. 

Same results as what you're wanting to do with your first flip, but it's easier to find those deals and you don't have to find someone to float you the funds.P.S.

Of course, you should have some cash reserves or at least a way to float a decent amount of credit in case a newer water heater goes out or something.