If we crush the rehab I think we can even push closer to 200Cash-Out Refi Amount: $131k (75% LTV of the conservative 175k figure) Profit if done as a flip: 60k. (175k - 115k purchase price & rehab)Cash Invested: 18k (This accounts for $7,500 for down payment to lender, $2,000 in EMD to seller, lender fees, inspection, insurance, title, projected 3 months holding costs at $1000 per month)----------------------------------------------------------------------------If I do it as a flip, from what I understand, I'll be hit with a ridiculous tax bill (24% short term capital gains + 15% self-employment tax), leaving me with roughly $36k after-tax profit. 36 - my 18 invested leaves me with 18k increase to my net worth.

Why am I getting 3 different answers from 3 different mortgage calculators?

As mentioned, a lender is not going to put money in an account.

- what about being a private lender instead?

Are there any tax implications or mortgage barriers to building a home under the "second home" plan and then converting it to an investment property shortly after its finished?

If we Just rent one room out, it will cover our mortgage and utilities and still some cash flow. 

The goal is to reduce living expenses while paying down some of your mortgage liability and learning how to be a landlord. 2.

I don't care much about cash flow (most of mine are typical) but about that mortgage payment.  

Additional streams of income:1) Have mortgage broker present at open house (and charge them "$5000"%) to pre-approve those who want it (but don't make that a requirement to bid).2) Sell the bidder list to other investorsI have not seen any such ads in my area and I'm wondering if it's because this system is not effective or is it because nobody is utilizing it?

In general, it is more difficult to finance a foreclosure because of lender requirements.