My banks didnt turn me down, I didnt move forward because their lending practices has changed within the last year.

I believe house hacking is great to start as you can purchase a property as your primary residence (little to no money down) and get the best possible interest rate by doing this too...so for those reasons, it's 'best' if cash to enter the market is low.

The trouble on my mind comes down to monthly payment.

/CRRA_WMA...Charleston County, SC (choose your county or neighborhood in the drop down boxes- for Bill Melvin): https://ctarmls.stats.10kresearch.com/stats/marketIsle of Palms, SC: https://ctarmls.stats.10kresearch.com/stats/marketJohn's Island (for Terri Hill!)

I understand it is a draw, but multiple posts here have said to skip it if on a well(which I am). Is that because well water is generally harder on the filter mechanics?
My other thought was to do an outdoor barrel s...

20% down payment with the rest seller financed on a 15 year note amortized over 30 years How did you add value to the deal?

After getting the property turned over to me, we soon realized the home wasn't in the shape of being a good flip, so we decided to tear down and have a open lot for the time. 

But there are also a lot of run down rentals. 

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

It has started to slow down slightly with more inventory coming available in my area and now that I’m asking higher prices.