even IF you could figure out a way to borrow 100%, that means 1 hiccup and you're in dire straits.what happens if a flip takes longer than expected?  

Explain your intentions to the seller and tell them you'll get them their asking price.2) Get it to cleanest sell-able condition with minimalistic staging3) Put out an ad that next Saturday and Sunday there will be open house with open auction and the place will be sold to the highest bidder on Sunday evening.

Some lenders will underwrite off of the "Note Rate" and some will "Stress Test" the rate to a rate higher than the "Note Rate" which will give you even less leverage/lower DSCR. 5. 70% LTV on a 1.

Last fall I put offers in on some properties in Grass Valley and Nevada City at prices that would at least break even on initial cash flow, but sellers still thought it was Q1 '22 and would rather take their properties off market than sell for less than what they considered them worth. 

They can push a DSCR loan into negative cash flow territory which makes the rates even worse.

So whatever you have been paying for a mortgage would ultimately be positive cash flow to your bank account.I wouldn’t even consider the $150 from renting your current house to actually be real cash flow in your situation.

I guess my question would relate to the wisdom of pulling the trigger now and paying more for a property that could well be purchased for significantly less in another 3-6 months or maybe even longer if the down trend is expected to last a few years.

Even if you did a horrible, barely cash flowing property with the $155k, it'll still net the difference + some.Don't get caught up on the "I don't want to lose my rate".

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.

Even if you're not making much profit at the start because you're investing in a better area, it should work out fine.If you're losing $100-200 per month but have a stable job, you should be okay.Most people get rich with real estate through property value appreciation rather than cashflow.If you're comfortable living with roommates, you can purchase a house in a good area you like and rent out spare rooms.