I went to a loan officer this afternoon and he mentioned that due to new tax reforms, those loan where gone over night and it all switch to grants, which have far more regulations and restrictions.My question to you guys is what would you do in this situation, how would you finance your first flip with out a down payment? 

@John Bucknum as a reformed Civil Engineer with some background in sewer and septic systems I would offer this.

With the recent tax reform and SALT deduction changes, I’ve been thinking whether an LLC would help with my tax deductions and be a better way of protecting myself vs. liability insurance.

However, in the Senate we came away from our meetings with the feeling that they look at §1031 as something they can go after do w/o it.November 1, 2017 : Text of tax reform bill will be released by the House Ways & Means Committee.Week of November 6: Mark up in the House Ways & Means Committee.Week of November 13: House Floor consideration of the tax reform bill. / Mark up (tentative) in the Senate Finance Committee.November 17 - December 24: Passage of tax reform bill targeted for as early as the Thanksgiving recess (November 17) or as late as Christmas Eve.The goal of the White House and Republican leadership is to have a tax reform bill signed into law within the next 3 to 8 weeks.

However it's looking probable that the new tax reform bill is going to include a provision that requires 5 years of residence out of the 8 years prior to sale. 

Barring the air force base closing down or major student loan financing reform there will always be a demand for rentals in the area.

Although the tax reform bill is still in conference and hasn't been passed, and the final bill will require study in conjunction with a discussion with a real estate savvy CPA to understand its implications on my particular real estate question, I am hoping someone on this thread can weigh in with some general advice.

I would also challenge you on the "tax free" income. yes in that year its tax free but there in another side to depreciation that will be paid back to the IRS when you sell, unless you intend to live in the house for 2 years prior to selling (probably going to change soon based on the tax reform bill).   

We are in an odd position if this tax reform to the capital gains for primary residence gets passed as planned.  

We are in an odd position if this tax reform to the capital gains for primary residence gets passed as planned.