I know you mentioned you are looking to flip houses yourself in the BHAM market. 

Study the market.

Also the market and income level (5 miles around the property) is also critical.

Are you sure you aren't WAY under market and not just a little? 

Bridge loans can be extremely useful for situations where you may be purchasing a property that has tenants already in the property who are well under market rents to the point where a DSCR loan wouldn't cash flow.

Obviously there are mature markets where this no longer stands out. 

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Hello, I am a new investor primary looking at the Columbus Ohio market.  

Hey Melissa,I shared your question with a marketing consultant I work with.

There's a few other things to think about too: 1 - Possible owner financing if he wants to still get a stream of income into retirement at an attractive rate compared to the rest of the market (win/win scenario, you don't need to come up with as much cash, and he makes a little $ on the %) 2 - Consider a post possession if he needs some time to move out but needs the cash up front for whatever reason 3 - Leave all the furniture/junk in the property and you'll handle clean up etc.