The downside of selling will also be that our expenses will go up by buying a new home as well, and we aren't very high income earners (we both make a little over $100k/year combined)We also own a few small rental properties in smaller towns nearby in TX, so the rental game isn't new to us!

Since a WL policy is generally very safe, the LOC LTV will be high.

Or you could potentially get a private loan as a second but 1) the bank probably wouldn't like that and if they found out about it, would likely at least have the right to call the loan and 2) given private loans usually have very high rates, it would probably make more sense to just refinance it. 

The chances are high you will meet other house flippers that can offer insight. 

Try to focus on properties that were built after 1960The reason for this is because the foundation of the property is likely made from poured in concrete or block construction.Poured in concrete is favorable because it allows for less water penetration into the basement.The mechanicals of the property are likely more in line with today's building code.

I'm with a construction and design company and we operate in NC - feel free to reach out, would love to work with you and help you create a high-performing STR.Here are a few we did in NC for you to check out:-https://www.airbnb.com/rooms/755582185230853225?

Given the current environment of high prices and high interest rates, it is not likely that a taxpayer will pay tax on rental income for properties purchased now.

It has 4 power, water and septic hook ups already on the property.

Yes, I have spoken to a bunch of knowledgeable contractors but the bids have been very high. 

I'm hearing more about AP on takeovers that the new ownership did not seem to have knowledge of, and high AP at existing properties that have cash flow issues.