I am a regular lender doing FHA, VA and Conv, but I also loan my own money privately, and pool money from other investors when I don't want to loan my own money.  

I have zero interest putting money to work in the suburbs.

I would say it is on life support because after refi the negative cash flow necessitates extra reserves.  

Really loving the messages and support already! 

You would still have your same minimum down payment requirements, so you'd be leaving some money in the deal.

Since currently we are saving money by living with my parents, I would be hoping to use my first purchase as a place we could also live in.

It's extra money again, but more likely to last longer than Formica.

Hi Thomas, That is a common path that many investors take by utilizing a credit line or second mortgage to access capital to support down payment / closing requirements for the new purchase. 

Check in with @Joseph Chiofalo for Pro Forma support and analysis he can help plug in loan terms with investor friendly financing. 

When we flip we use hard money lenders and often use GAP funders to cover what the the HML doesn’t.