This approach allows you to keep your cash reserves for future expenses, but there are a few things to consider.Two Mortgages & Lender Fees: Yes, taking out equity from the first property would result in having two separate mortgages, which could mean higher lender fees.

(total approx 200k)We cannot find anyone to loan us money (ok we tried like 2 places)---I just never thought this would be so difficult because we own a house outright & we are still getting turned down because of 2 late mortgage payments when my husband was injured & out of work for 5 months last year.We both work and made enough money on our first flip to buy the 350k house outright.I am a real estate agent & our area is very rural. 

Quote from @Michael Belz: The SROs are located in Suffern NYThis is part of my coverage area.

Looking for feedback on great areas to flip in Tampa/ St Petes and surrounding.If you are a realtor, weigh in, we are not represented there as of yet.4 bed 2 bath or the possibility of that1750+ sqft$500,000.00 or less.

I can't find comps in the area to get a good feel for rental rates. 

They are a private REIT, but run by some really strong experience from around the company.  

Looking to begin investing in the Dayton area. 

I got into real estate investing 5 years ago and have built a portfolio of rental properties in the area.

I'm an outpatient internal medicine physician here in the Bay Area.

It could also be that the cashflow is fiction and the locals know that a property in that area will not deliver.