Learn what the current market bears for a loan product for a borrower with your profile - exp, credit history.  

Thank you for this great tip, I will look into it more and connect with them.

So, looking to purchase a co-op and the co-op is offering a credit towards replacing the floors. 

It should be free and usually it's a soft credit check...so there's almost no downside to getting prequalified.  

One tip that I use is to reduce the useful life by 25% vs what’s noted online.

While approval might pose a challenge due to your lack of flipping experience, a solid renovation plan and clear exit strategy can bolster your chances, especially with strong credit.

In the paperwork, I show that the lessee receives a small credit towards the purchase price. 

I then declined due to income and credit; which is still an area where we can decline.

Interest rate as of March 2024 is around 8% for refinance and it's challenging to find something that return at least 10% cash on cash right now. with the line of credit like HELOC you only pay when you draw. good luck!

In advance: know what credit score, income, and equity are needed before you purchase to be able to achieve this every five years.