Purchased my first rental about a year ago but no good experience with a fix n flip.  

At the end of 2016 we locked in a VA 30 yr fixed at 3.25%. 

My basic rule of thumb I give to wholesalers is if they can figure out what the market sale price will be when the home is fixed up, subtract around $45k and that is where I need to buy it. 

I only look to this exit when my primary buyers pass on a deal (if they are interested, I pay an agent a flat fee to conduct my business)....My primary buyers pass a lot on deals because they are buy n hold investors, so the numbers are different than fix n flip numbers.

You no longer get the benefit of refinancing it with 30 year fixed rate debt.  

Also pls note that my 2.95% expires in 2022 and a 30 yr fixed is currently 4.6%

This is a our first flip and Fix investment home. 

So if it just started you have a 15 year amortization schedule with a balloon on it and a 5 year fixed rate, at which point it’ll adjust.  

For instance, if I stashed away 10% of the property value or a certain fixed amount in the account, can I then start diverting funds to a general account and snowballing the excess funds onto individual properties or as personal income?

Still didn't really solve the equation of wealth building or my 'fix', My motto is "Rentals and REIT's".