But you need to make sure you will be able to qualify to get a loan on it for 2.1 million at the end because if you don’t, it may put you into a financial disasterYou will need to plan on flipping the house rather than living in it to get the hard money loan.

Cash flow creates financial freedom, appreciation does not. 

Louis market.A realistic estimate for your financial breakdown would be to set aside 60% of rental revenue for costs.

Also, if you say no financial contingency, then what happens if after I get the property under contract and present it to my investors they start back-stepping, am I going to be sued for specific performance?

It's hard to say without knowing the rest of your financials, but 7.5 with 2 points and change is pretty standard in today's market for an investment property. 

Are your properties in individual LLC's already?

I will post the BP event link here: FREEdM - Financial + Real Estate Education Meetup (biggerpockets.com)If you are interested in learning about the creative finance side, then linking up with @Ingryd Hernandez is the best place to start.

You can close in any entity or individual name in some states.

You can have a "solo 401k" at one of the major financial firms like Vanguard or Fidelity but they only allow you to invest in their portfolio of stocks, bonds and mutual funds. 

I did my first fix and flip about a year ago. Currently I am working on another. I'm excited to continue growing my real estate knowledge and portfolio.