For the first year, save all "cash flow" in a dedicated account and ensure you keep it there for your emergency fund.

The objective is to ingrain sensible propensities and fabricate an in adoration bond together with your pet.

I have fund hundreds if not thousands of deals that have been brought by OREO brokers  or brokers who choose to work distressed assets.. 

Have you considered doing a 203k so that the repair funds are wrapped into the loan? 

., they will get a pay off from your lender and disburse funds to them from the sales proceeds....you never see or receive that money.

There are some limitations compared to 'borrowing' from a SOLO401K, but it does let you put 100% (or close) of your funds to work. 

The plan currently is to fund this flip (price at foreclosure sale + reno) by private money at a 10% interest rate with no payments until closing, after the flip.I looked through all the contracts available here on BP and none of them seemed like the right fit. 

Most new investors I am gathering have the same issue - they have learned about how to make a deal but don't have the funds.

Any feedback on how you started out with low funds is appreciated. 

In order to do that I must organize my finances and wondered if anyone had a great excel spreadsheet they can recommend to begin creating and daily & monthly budget with the goal of maximizing my savings to have the funds for a down payment.