If you slowly work the process however and at the right time suggest seller financing while simultaneously raising private money to cover down payment and closing costs well then the deal MAY naturally unfold and become a low to no money down deal.  

And simultaneously collect the new deposit and sign a new lease.

@Jeffrey Haapapuro, , It sounds like you had a simultaneous closing.

Yes, I understand that renting a home gives you zero opportunity to take advantage of leverage, taxes, etc, but you can simultaneously take advantage of those same benefits in a different market by purchasing a home where you know you will have positive cash flow.

We can turn that dial however anyone wants, but it's not possible to turn a dial simultaneously two ways at once, and anyone promising something too good to be true...

So you simultaneously register your LLC when buying the property?

Your cash number sounds fine for 1 flip but you'll probably have to tap into that equity line to carry 2 flips simultaneously as you wait for 1 to sell while beginning the next.

Again, just to reiterate, there's a huge difference between getting a 'quote' or 'rate and term' from a lender and keeping several lenders going simultaneously all the way to the closing table making all of them do a large amount of work only to find out the borrower is closing with another lender for 1/2 point less as a loan fee or something crazy.

Adam and Brian each want the other's property, so they record deeds to each other simultaneously and complete a two party swap. 

if you have a part time job and have a 2 year history of working both jobs simultaneously , you can include that income.Good luck!