Purchased at 498k and borrowed 125k for down payment and improvements. (15% down).

That's the cost you're paying for all that money you borrowed. 

And perhaps then consider buying an investment property which would actually cash flow.If you do decide to keep the condo I would be very stringent in screening your tenants because you can’t afford to carry two mortgages if your tenants stop paying or to repair significant damage or they were to damage your home.

@Juan Rubio just ask him when is a good time to stop by one of his properties or his office and chat a bit about his business and answer some of your questions. 

It was an estate sale and we bought most of the furnishings and a lot of really neat stuff for $350 (borrowed from MIL).  

So far my purchases have looked like this:Buy with cashRehab with cashGo to the bank for a refiWhen I do that, I find that I either severely restrict or stop my marketing because most of my resources are tied up in my deal(s).

ThanksA borrower I refinanced 5 out of 15 investment properties for a couple months back wants to refi a different 5 now.

I only borrow about 65-70% ARV and fund the repair myself.  

I suppose I could borrow those funds from a family member and then pay them back with the owner-financing proceeds over the next year, but then I lose the benefit of owner-financing (i.e. the interest).Not sure the buyer can wait until my listing agreement expires, as their lease expires in May, a month before my agreement.

So this sparked the idea of a book trade club sort of thing.The idea would be that we all get together somewhere, bring our RE books that we may not be currently reading, and may offer to trade/borrow/loan them in exchange for other books that others may have.