Also, if there are any people doing fix and flips in the market (or BRRR), I'd love to hear how you're finding it and perhaps meet for a coffee or beer when we're in the city

However my other tenant who is on "fixed income", I  initially raised the rent $50/month and she also had to cut all the grass all summer.

They have a 5.25% rate and 30 year fixed for rentals!.  

I’d put down the least amount you can and fix it up to get appreciation.

The key here is not necessarily the numbers more about the tactic and if it’s LEGAL and POSSIBLE To DO it like this or if any one has tried anything similar to this: Property purchase price: 80,000Estimated Rehab cost : 45,000Property ARV: 175,000Hard money Loan used for : DOWN PAYMENT & FIXED COST.Down Payment: 16,000FIXED COST : 18,000 35,000 ( added an extra grand ) HML 35,000 @ 15% interest with 6 points Total: 46,250LOC used for REHAB : 45,000 @ 3 % interest.Total 47,000HML + LOC = 93,250Remaining Balance On House : 64,000 @jasonDiClementeHML + LOC + RBOH= 157,250House sells for 175,000 SP - HML-LOC-RBOH = 17,750 profit - tax about 11,000 grand ... not really a big number but like I said it’s all hypothetical.

I got a solid bid, used it to get the house for cheap and then fixed everything after purchase.

Once you have a great deal it gives you options- wholesale, fix and rent, fix and flip.

When a toilet flapper is faulty, they learn how to fix it themselves real fast. 

I'd just put a new fixed rate mortgage on it if I had the down payment in an acct for 2 months. 

It sounds like you dug into my business model and thanks!