Alternatively, if you're planning on buying multifamily in a low cost of city to get the best bang for your $ - then it might make more sense to do so. 

No support from the brokerage (not really), but the costs are very low and the software is good.

When they say no to that, I have to go pretty low on the offer because I have to get a hard money or private money loan and its going to be about 10% to 12%. 

I’d like to expand so I’m working on formulating a low-capital strategy to add doors for STR and LTR.

If rates fall later this year as forecasted, it could be worth factoring in the possibility to refinance and bring my mortgage down low enough to continue renting it as a short term rental or consider renting it mid or long term. 

Working for clients looking to buy in Manhattan Beach, it seems like buyers in both the areas are specific with their wants and with what they spend their money on because of the low turnover and inventory in both areas.

With that much income, I'd have the vague suspicion you should have enough cash of your own to do the deals, or maybe just need a much smaller loc, say $50k, help with the float/cash flow.Also, since you are flipping, you don't have any collateral and you are extremely market dependent on finding deals.Try and see. 

I'm curious what investing looks like in Arkansas and if there are any local investment Realtors that can shed light on the situation around here.I live at home so my expenses are quite low while I figure this out, which is good. 

Good Sponsors should have a portfolio of properties in different regions, and usually select properties rated Class-A—high quality, newer buildings with top amenities and low vacancy rates.    

I would check to see what you could rent the house for with your low down payment mortgage.