Realized it needed way more rehab than I was comfortable with, but still thought it was a good deal regardless.

If your numbers are tight to begin with, anything going wrong at any stage -- purchase, rehab, renting, refinancing -- can put a strain on the deal.Don't do the deal if you don't have reserves and can cover holding costs.Expect 8 months of holding costs because typically you can't refinance until 180 days post-close, and then it takes maybe a month or so to actually refinance from there start to finish.If you can't BRRRR comfortably (e.g. leaving money in the deal or not cashing out) then it may not be a good idea until you're ready.Most lenders will be around 70% LTV, not 75%.

@Carl Mayer At this point in the market cycle I'd personally feel more comfortable investing in a market that doesn't appreciate rapidly.

You will have to sell yourself to the best agents, get prequalified if you haven't, show them proof of funds, just generally make them comfortable that they will get paid some day.

After the trip, we’re almost as comfortable buying, but may give renting a whirl to be safe. 

Live in the 2br and need to do some more reno to make the studio something I'd be comfortable renting out.According to comps and our real estate agent, we have a minimum of $100k (def. more just being conservative) in equity and want to use that to really finish the studio the way we want (for Airbnb) and look to invest in another property.The issues we're bumping into is a cashout refi hasn't worked because lenders haven't been able to even get close to our interest rate (understandable) but also there are very few lenders willing to lend in the second position to an outside loan...That's the short story If anyone has any ideas we're all earsThanks

But if I keep pushing it off until I feel "comfortable" it will never happen.

Overall, in your shoes, I would probably do this deal and if your goal is to get more property, I would save the excess cash flow and whatever you would have spent in rent for the next one.

@James WilliamsWell if you are comfortable with it go find a hard money lender in the area.

A lot of folks are comfortable with anything more than a year because that represents two tax years and two tax filings.