Purchase price: $65,000 Cash invested: $11,000 Our first investment has been a long time coming.

I'm having a very hard time with them and on the verge of losing my earnest money on a house purchased to flip.

Are you planning on using that cash you pull out for the full purchase or are you considering that a downpayment? 

Did you investigate the history of heating costs before purchase?

So you purchased it cash and just need the rehab $?

so, it could be ( am throwing out random numbers) a purchase price of $350K with $10K down, and then 30-year amortization at 6.5% with a balloon payment due in 5 years. 

Though DSCR gives you a better picture of how the property is projected to perform vs debt service, you can't rely solely on one measure to make a purchase decision. 

You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.

Ultimately you need to understand the underlying economics, psychographics and demographics of the market you are purchasing in to know if and how you can re-tenant the property.I'm a bigger fan of dollar generals or family dollars that are in multi tenant shopping centers. 

Purchase price: $45,000 Sale price: $175,000 I lived here for a few years then when I was married it became a rental.