@Josh Calcanis congratulations, just curious did you look into the option of pulling a revolving HELOC to acquire more properties so you could reuse those downpayment funds in the future if needed?

I used a HELOC as the down payment for hard money, they covered 85% of purchase price and 100% of the rehab costs. 

My current thoughts of what I could do to it:Get some portion of it habitable, or move a camper on site, or rebuild carriage house on property... make it my primary residence.Rennovate along the way.Get it in decent shape and take out a HELOC on the property for a handsome sum.Use heloc to finance pretty much any other flips I wanted to do.  

I recently applied for a HELOC's on my primary residence in NY and(2) of my out of state rentals via TD Bank and was denied on all (3) due to debt/income ration being over their guideline of 40% - I am at 67%. 

I did this with my house and 3 years later after putting in $200,000 in rehab, took out a $650,000 HELOC on top of my mortgage.

Or perhaps get a HELOC against the equity?

Currently thinking I'm going to finance via 2 traditional mortgages and one though HELOC on my primary. 

@Zach Adams this particular property I paid all cash by way of a Heloc on another property.

Purchase Price $180,000 Conventional Financing 75% @ 5.25% / HELOC 25% @ 3.25% Rents total $2600/mo (3 leases up 1 year, 1 in 1 month)Gross Rent $31200Exp $18339 (assuming 50% including vacancy)NOI $12871Debt $11296CF $1575Is the CF too little for my first property?

I am now looking to refinance them (HELOC) and I cannot find a bank that will do this.