In the manufactured home industry, I've heard more complaints about new homes being bought and installed straight from the factory than consumers buying older homes direct from homeowners. 

Because, for instance, if I am flipping a couple of properties and I am in the middle of the rehab, but it will take a couple of months for them to get finished and sold, I may be paying $4000 on hard money debt payments per month, and if that debt is included in whether or not I will qualify for a refinance, then I may not qualify.

I have been listening to the podcast for a few months now and watching the "Real Estate for Rookies" YouTube show and I've been learning and also reading different books on real-estate investing.

Or they try for 3 months have no success and quit.. 

If rates dropped 1-2% on a $600,000 home, it would cost a buyer $3,400 a month.

For your scenario, you would be able to afford $8300 monthly mortgage assuming no debts. ($200K/12 months = $16k/ month of 50% = $8333.

From the good advice of other BP folks, I've decided to wait a few months to purchase my first multifamily property.

Hi @Kenneth Alan Flugrad, come and network this month at our next meetup, you might meet others that could be valuable in your flipping endeavors.https://www.biggerpockets.com/forums/521/topics/1229391-sout...

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.

On my PM biz $2M of coverage is like $200 a month.