If purchasing with a perm loan, then you need not do anything.Now, if you plan to finance the rehab, yes, you will need to show your budget with scope of work. 

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

I know you are probably bummed about this and feel like you made a mistake, but if you can figure out how to hold this property and buy more properties and hold them then you will end up making significantly more money in the long run; you don't build a real estate portfolio by selling.

I have an investment property with a small front yard and average sized backyard. 

I'm asking for 50% on one property and 70% on the other.

On market, MLS How did you finance this deal?

How did you finance this deal?

Quote from @Kristin Vegas: hi biggerpocket family. my name is cris and looking to buy a rental property in youngstown ohio for cashflow, i live in california and thinking in buy a property in youngstown ohio. anybody here investing there for cashflow if so, which area of youngstown is good and where to avoid. any friendly investor agentHi Kristin!

Cold calling, negotiated directly with the seller How did you finance this deal?

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.