Once the rehab is finished and a tenant is placed, using your business entity's combined rental income (i.e. including your first property), you should have no problem exceeding a 1.2 DSCR ratio and be able to acquire a loan that way, even if the second property were in, say, a high-appreciating market that doesn't cash-flow well.

If it is not near say a beach or other attraction or does not have amenities that "snow birds" find attractive, they tend not to sell and a flip can wind up being a flop. 

Needless to say a big pile of dirt and a dumpster on-site triggered some phone calls from neighbors, inspectors show up and flag the project. 

I wouldn't mind finding something for a rental but damn... the cash flows seem like they suck even with a 25% down payment at todays rates on say a 350k SFH.  

You don't say a word about them being in foreclosure.

Say a person has $250k cash just chillazin, what-to-do.

This is my guess (there's no formal research on this), I guess in some local economy, the income in household formation raise so much that the mortgage/income no longer a problem because the household has two high double income family (lets say a household making $400k/year to purchase a $1 mil property.

You don't have to say a word about pre-foreclosure or Subject To in the opening conversation.

Say a mortgage payoff or an old lien or identity confusion or something that is very common and is an easy fix, it's just that it has to be    taken care of before closing.

Pay attention to what they say. A