I have $5k in available cash, $20k in available credit, a very respectable salary, a credit score floating around 800, and no debt but a car and house payment.  

The click-lock floating LVP planks cannot just be removed from the middle of a room.

There's still a lot of horror stories floating around still...tough to dispel them.  

I have to jump in - sink or float. 

You will need to have some "float" money in your account to cover paying your general contractor or paying for materials while you wait for draws to be reimbursed.Once you get really experienced you can get into a groove where the GC does the work, asks for $, then you ask your lender, then as soon as your lender funds you can pay your GC.

@Ken Truong I believe that's called floating a credit card.

I have learned how to do a lot of the rehab work, I can put down ceramic tile, tape and float, paint and set cabinets among other things.

Keep in mind the property must “float” (rents cover mortgage) after you move out for the deal to make sense (in most scenarios).

Some people got lucky as the market for helping them but the tables have now turned💰Finance right This situation is primarily the result of Floating interest rate debt with no rate cap and very high leverage.

Im in a position however where I can float carrying a bunch of my properties if I needed to, both due to cash flow on some of my properties and my income.