As markets rise and heats up, flipping margins tightens and more risk holding the bag when the market heads down.In general, finding the deal is paramount to market conditions. 

The negative reaction was caused by the Fed's reinforcement of it's plan to continue it's $50 billion in monthly quantitative tightening. 

We will be seeing a lot of these companies fold as interest rates climb, spending tightens and the market self corrects. 

Takes 30 seconds and can do it on my phone anywhere right after I get an email alerting me about the property hitting the marketThen if I get a near match then you spend the time to request the real actual numbers, take the numbers you know to be accurate (don’t always trust the sellers), and really tighten everything down exact as possible. 

With recent re-tightening of financing regulations and other changes, perhaps Mr.

The fourth time was finally successful, after having dealt with them for nearly 4 months, all the while our payments were racking up and our financial situation was severely strained.

With that said, I would still proceed with caution when underwriting, analyzing and projecting returns, but, don't simply buy into everyones thought that the market is doomed, just because that's what everyone is saying.Credit is definitely tightening a bit, meaning less loan proceeds than a few years ago, but banks are still lending with historically favorable terms.

For instance, when we're complete with the rehab for the original 13 units, could we refinance (which would allow us to recoup some / most of our capital) in order to reduce the cash strain required to complete the rest of the rehab?

Now that doesn't solve all of your problems, but maybe eases the financial strain a bit if you're dealing with a more affordable house to begin with. 

When the credit market tightens, they're usually among the first things to be frozen or converted to amoritized loans.