Our plan is to purchase this house,  Reno it and move into it as quick as possible so that we can rent out or current house and refinance the reno'd house to pull cash out and invest in the next house.

I feel right now at this stage i should be learning and gaining contacts so when i find that deal i can pounce and move quickly and have some ducks in a row. 

How quickly did you scale up your investments?     

@Jon Holdman quick question regarding that. 

I have a property that I am looking to sell but I am looking at possibly doing seller financed in order to get a quick sale. 

Just a quick thought, I could be wrong (and if I am, please school me!)

As for the first flip, go with these margins for "napkin math" to quickly evaluate it.Buy for at most 50% of ARVRehab for at most 25% of ARVSell for 100% ARVThat will help you avoid overpaying.

It sounds super sexy, and can be a way to generate capital, but you'll quickly learn it's way harder than it sounds. 

Good luck,Ryan Hi Ryan, Thanks for your quick reply!

There are short term lenders (2-10 year) where you could refinance without title seasoning requirements and pay off your cash in loan quickly, then refinance again for a better rate with a more traditional 30 year loan.