You may need to purchase this one and another to eat up all the investment portion of your sale.

I don't know any that do this with cash out of pocket.. so not only do you have to source you have to rehab and you have to pay a bank or investor holding cost while you get the property ready to go and sold to the end buyer.. this is why many TK companies well maybe not many but some only deal in cash.. the loan process the west coast investors go through will cost the TK company money for a home that is sitting and waiting for financing to come through this eats in to the bottom line.so one needs to take all these factors into consideration..

I would just eat the 5k or contact your insurance carrier......

Would your construction company eat the cost?

It surprised us how much changing our eating out structure with friends (now we just invite them over or go out for only dessert) reduced my husband and my expenses each month.That said, if you are in a lower income bracket, I encourage you to search google "first time home buyers programs in __(insert your city of residence here)____".

We give access to our food to our guests (they are paying $300/night, so they can eat my Cheerios!). 

That might eat up 24k as I often hear 12 to 15% can be typical.

Tampa is dog eat dog right now. 

Most people typically need to analyze 100-500 deals before you close your first one (this will also help you understand what a homerun looks like when you see it), so get started and analyze as many as possible while also living on a friends couch and eating PBJs to save the max amount of capital so you have cash to start buying deals when the right one shows up. 

Your PM probably has leasing fees that will eat into your savings so it will take you 18 months or more before you have a large enough reserve that this property could be considered self-sustaining, meaning you won't have to dig into your pocket to handle a major loss.The scenario I used above is not uncommon.