One false move on your part could jeopardize your entire claim and expose you to potential liability.

Purchase price: $182,000 Cash invested: $46,000 This house was listed on MLS.

I plan on buying a condo that I will later rent out.

Congratulations on the sale.

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.

Quote from @Robert Frazier: I would stick to something that can be replicated on each flip when you are in a market like this price point.

Using a HELOC can work, but it's still a second loan on one property so I wouldn't be looking for a way to leverage one of your two properties just yet to get a third.

So on the rental agreement, I had wrote its a two bedroo0m house ,then on a separate agreement, I wrote one bedroom for the remaining portion  of the rent. 

I am just getting used to browsing on here but so far it is information overload.

Matthew - New Western is a large wholesaler in the Philadelphia area, so not sure if they are looking for more people on their team.