After that you have to refinance at current rates which in a rising rate environment can put a pinch on your cash flow.

Happy investing and awesome job finding deals in this tough environment!

But Given today’s low-rate environment, I would refi over a longer term (amortized over thirty years) pull out a substantial amount of cash, the longer amortization period would keep your payments low and you would still get a good rate (probably nowhere near the rate you are at now on the 15-year amortization though) and go reinvest in some other property(ies).

I used his Total Money Makeover book and Financial Peace University to Hulk Smash all the bad debt (vehicle, student loans, credit cards etc.) then put my family on a solid foundation with an emergency fund of 6 months expenses and eventually pay off my home in 11 years.

Honestly though, in the current market environment it really seems that even private money isn’t hard to get.

GM's investor presentation today:https://www.gm.com/content/dam/gm/ev...set-11-30-2017"Based on our current rate of change, we expect commercial launch at SCALE in dense urban environments in 2019.""

Look at the bureaucratic environment.

Then you have the added peace of mind that it stays in effect and isn't cancelled.If you are worried about legal issues, don't get advice here. 

It's also a give to get environment here on the site, so whatever you can offer even if it's just minor advice can go a long way.I think alongside that, it's very important to combine this online networking with real in-person networking.

As for my strategy, I intend to rehab and resell most of the properties within the first year or two to generate working capital, using the profits to purchase more deals and longer-term rentals.What is your opinion of the current flipping environment in the North Charleston/Ladson/Summerville?