Take this example into consideration.  

I could carry that plus the current home if I had to, thus my consideration of keeping the first as a rental/appreciation property.But that rent to value on the current house is slim.

You also have to take into consideration the area - make sure the houses are in the same neighborhood and be zoned to the same schools.

. - Also, if you're flipping some towns will make you get an architect to do drawings if you're doing a half bath or other things.

Plus there's also the consideration if this is an area that has the potential to appreciate?

On top of that we had skyrocketing building costs, interest rates being held artificially low by the Federal government, plus considerable stimulus money flowing the last 12 months.

@Aaron Aho,You need to understand how Zillow, etc. work.They draw info directly from the public records, especially on properties which have sold.That said, there are areas - Missouri for one - which are "non-disclosure".

It is a lower rate, completely fixed mortgage, that you cannot draw on again.

Then a HELOC can be the down payment, etc.401k loans count as secured borrowed funds.Believe it or not, Fannie Mae actually gives "art" as an example of something you can borrow against right there in their guidelines, but I've not had the you-know-what to test that by having someone draw a smiley face on napkin and borrow $100k against it from a private party.

In order to do so, I need a drawing made to show that the driveway will not violate my city's mandate that a front yard can be no more than 50% cement.