Yes, it goes against 99% of the advice and conventional wisdom you'll hear on real estate discussion forums and in local real estate investment groups, but I've followed the no-debt and/or pay down debt as fast as possible approach and I would highly recommend it.

Hardly.My first property was at 12.5%, No it wasn't hard money, that was for an owner occupied conventional loan in the early 1980s As a contrarian lets talk about the obvious conclusionsPrices will drop; Higher rates make houses less affordable so prices will drop.

@David Krulac I will be buying with cash to make the transaction quicker, then once I have a tennant in the property (tennant/buyer) then I will get conventional financing through my bank and cash out.  

Properties held for sale, such as flips, do not qualify as held for rental or investment, but rather held for sale (i.e. inventory in your business).

I already qualified for a convention loan, but that was a couple months ago when I had a steady salary and I'm assuming they are going to ask for current pay stubs before closing.

It must be HELD for investment as opposed to inventory.

This way you have "an in:.   5) Don't expect to make a killing unless you build an inventory....Volume is better than one-si...two-si....Good luck and keep me posted.Regards,John

The inventory is very thin right now and prices are recovering.

The turnkey providers could list on the MLS and sell to primary homebuyers, probably for more money if they wanted, but the problem with primary homebuyers is they need a lot of hand-holding, it's not about the numbers, it's about emotions, they can take forever, they all usually need conventional financing which takes forever, etc.

you'll get differing responses as lenders have differing policies on bonus' how its structured, down payments line of work etc when they calculate your DTI.no idea if your going FHA or conventional either - best way to do it is just go to your local branch credit union and give them your info.