I wasn't unprepared—I had a clear idea of my MAO,  ARV, and estimated repair costs.

Our market here in Memphis, TN holds a lot of great opportunities.

Quote from @Laura Au: Hello BP Community,I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy.

If you already explored that option I would reach out to a regional credit union that holds their own loans in their portfolio.

I am calculating 20% from the net profit (we are in CO)... including AFTER holding costs and reimbursing our own $ that we also used to fund the flip.  

So yes, having good lenders is somewhat important.This post will focus on “buy and hold” real estate investors with residential (1-4 unit) properties and how to find good “investor friendly” lenders.

@Eric MartelMr Martel, with the significant jump in interest rates the last several months, are you still finding buy and hold investors to purchase the properties after the flippers have done the rehab and placed a tenant?

If you leave it in your main account, you don't really have any idea how much of that is not spendable at any given time.  

Can I legally charge them (i.e. hold up in court if they dispute)?

Investment Info:Small multi-family (2-4 units) buy & hold investment.