I could use a little help and motivation with keeping on track as well since this is a side venture and is not replacing my main source of income at the moment. :)If you are interested, PM me and I'll share my contact info. 

The bad egg has a 505 credit score with almost $130K in debt between student loans, car, and credit card debt.

I mainly operate around Philadelphia and Bucks County (grew up in Newtown). 

Hi @Rick Baggenstoss I have done several flips in Atlanta and mainly always use laminate, since my remodels are pretty involved it is hard to save the old hardwood because a lot of the areas I open walls and change the interior layout are then missing hardwood.

Sounds like the purchaser may need to bring in an equity partner to bridge the gap.Anything other than first position debt is extremely expensive.

That was an above average cost turnover Upsides: I have thousands in appreciation already, debt paydown, cash flow, IRR greater then 20 percent.

Then the lender has to make sure you have enough income to cover the debt, which is the issue you’ll come into since it’s inconsistent 

Debt up to his eye balls?

I am moving into the smaller unit, the mother in law suite, as a live in flip and renting out the main house once it is rehabbed.

If you want to rent it out right away you would get 75% LTV and a higher rate.When you go to buy the second property, you may be able to buy a fixer upper with all cash and then refinance that one after you fix it up.This is pretty much what I did (minus inheriting the property) and I have 11 rental units now.One thing to be aware of is your debt to income ratio in order to qualify for mortgages.