Even if it needs to be stretched, that's an easy fix too. 

I will keep this somewhat brief.5 months ago my wife and I bought a duplex to fix up and rent out.

@Samuel Carmichael besides what @Brandon Ingegneri said about looking at absolute dollar amounts to figure out if it's even worth the aggravation, I also agree with @Michinori Kaneko about looking at percentages.Personally I look at percentages first, namely 1) cash on cash return (yearly money back after all expenses including mortgage, divided by all money invested to get it rentable) and 2) debt service coverage ratio (net income after operating expenses but before mortgage payment, divided by the mortgage payment).The first is (obviously) a measure of return, while the second is more of a measure of risk as it tells you how much of a buffer you have between the property's net income and the monthly fixed mortgage payment.After you get a little more experience you'll also start to factor things like replacement reserves into account.

Only time it's capital gains is if it wasn't intended to be a transaction for profit - For example...if you inherit a house, fix it up and sell it.

I'm very ambitious and am on here to make connections with Investors, fix and flippers, and other wholesalers.

Unfortunately, all of the high net worth guys I have been talking with don't want to lend to me at a fixed rate but instead what to have equity in the deal and share in the higher upside.

The first property we had inspected is in great shape and we were asked to fix a handrail and replace a battery in a smoke detector( simple $150 charge for the inspection and $20 for me to fix).

Interest rate is fixed 7%.

They charged to come back and fix, and one still isn't working. 

Until then (& beyond), I have a strong desire to learn as much as possible about fix & flips, buy & holds, & wholesaling as possible!