What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan. 

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

These were financial mistakes we made when we were younger, and unfortunately, they snowballed over time.We currently rent but own a rental property out of state that cash flows $600/month and has about $190,000 in equity.

I guess my question is this: is the very low cash flow (due to my low down-payment and high interest) going to improve?

Finally found this one and took advantage of the low interest rates by winning the bidding war with an offer slightly above asking price.

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

Congrats @Emily Pena - I'm also an agent (working mostly with investors), property manager and an investor myself (currently owning 26 rental units). 

HI @Jaycee Greene, the current cap rate is 6.79%.

I wouldn't touch your current loan unless rates drop 1-2%.

I am based in Houston and currently embarking on my journey into the world of real estate wholesaling.