There were lots of issues with the house as follows:1) The house was built without a permit2) The house was for the most part sitting on the floor.

Example: in my market you can buy a house for $400,000 and rent if to $2,300.

I am looking to get started flipping houses.

Hi @Anthony Wilson house hacking is great way to go in new jersey. 

Looking to buy a brand new house 2023 price is reasonable and charging 0.8-1% of purchase price is do able..my question is financing real estate but my first property is almost paid off and has been an uninterrupted rental for 7 years thankfully 90% paid off, cash is tight...could take out loan against CC at 4% flat to pay off house then maybe leverage paid off rental (private mortgage)?

That said, you might check on the price tags on houses in Tulsa compared to Philly to understand the different sale and rent range for these areas. 

If rates drop the housing market crashes.

I grew up in the area for the past 13 years, duplexes and houses alike are at 2000 a month for rent in this case.

Having seen earlier proposals for Boston ordinances it seems a pretty reasonable compromise proposal to allow residents to offset Boston’s sky high prices by renting out all or part of their homes, while preventing non-local investors from further removing already limited housing supply (the ultimate fear of all housing departments).

So, put 2 or 3 houses per LLC is what I do.