I've heard of people who have been approved loosing their financing right before close because they bought something on credit or opened a new credit card.If all else fails, you can look into owner financing but if your looking to flip owner financing usually doesn't offer enough equity for that but if you want it to live in yourself or rent it out for long term it could be a way to get another property without traditional financing. 

I tell them, "renters know that prices go up, and expect rents to go up also, you are loosing money!"

@Daniel DietzI don't think it makes sense because you loose the taxfree earnings going forward or trade for a potential 1year gain of tax savings.

That's basically new construction, even if you get permits (questionable) for it and you can ignore the fact that you are loosing of garage parking, you have to run water/sewer/power to the street and then demo and build new. 

I have a loose idea of what we'll be looking for, but the timing is a little up in the air depending conversations with my employer as my 2 year contract comes to a close (could be April, could be June, etc.).

The general idea is to balance your assets (that $150k) and remember that what you put in high risk activities you should be willing to loose that amount. 

Today, the word Turnkey has a super loose definition and is used by just about everyone to describe what they are doing. 

Pissed off tenants have nothing to loose.

En net, all these things have done more to hurt housing markets than they have done to help.Yes, most investors loose money.

Im not a big fan of RE partnerships in general, and ts a good way to loose a friend.