If they have a 15 page check list you already know what you are up against.If you haven't bought the property yet can you schedule an inspection with them and use the report as leverage to get the price reduced?

I just got a letter to set up the eft for taxes and I might change my mind and pay monthly and reduce the amount I put in savings.  

After a number of deals, one of the lenders reduced to 10% for me, funding up to 75% of the purchased price.For private loans, closed friends let me use the money for 5-7%.  

We have had numerous clients going through 1031 Exchanges in order to qualify for purchase money loans (as opposed to cash-out refinance transactions) or to consolidate a number of properties into one larger property in order to reduce the number of outstanding loans.

It's an old home, hell, the walls might not be insulated, so even if I were to spend 2-3k on a new, more efficient hvac (this one seems about 10 yrs old), it might just reduce the issue slightly.  

I believe it would greatly reduce my risk by having a seasoned partner. thoughts?

The second a rehabbed property becomes a rental, it's value drops considerably, and -- unless you can guarantee appreciation during the resulting hold period -- the time and cost to return that property to retail condition is likely to reduce investor IRR more than just dropping the price and getting it sold below the originally projected sale price.Can you explain the logic behind turning a freshly rehabbed property into a rental -- and even worse, a SHORT-TERM rental?

slow down so you can actually start taking out money and reducing debt tax free using your primary residence exclusion.  

Also currently working to get my FICO up some as well, its not bad but it could be better if I work harder at reducing some of my debt.

On the other hand, if you are a dealer of a flipper, then you need to consider this election since you will be exposed to Self Employment taxes and the S corp election can help reduce that through salary allocations.