Put someone  in a position where they are forced to look out for your interest as well as their own.

They wanted $240K for it, and I figured even with a 15 year mortgage, it would be more or less cash flow positive.

Some more questions that came up to mind...again, really appreciate any feedback I can get:Would I get taxed extra if I form an LLC vs. self-proprietary?

The positive engagements and compliments, as rare as they may be, are what keep me going in this business.

Why is positive cash flow mandatory in a real estate investment?

I was also wondering if, when talking about a flip loan, the LTV value is using the value of the house+rehab in the calculation.I'd be happy to receive any sort of feedback on these topics.

any feedback would be appreciated 

@Stephen Herbert Way to stay positive.

You may also be thinking of using the money that actually belongs to someone else and buy even more properties with the money while you put yourself in a position to be carrying more than one mortgage yourself.

Then finding someone willing to lend 100% of your rehab and holding costs in second position - just not very likely and if they are willing, then you should not take the loan as you are playing with inexperience which is dangerous for both sides.That said, there are ways to fund 100% but it takes creativity, one heck of a good deal spread, and a borrower with, at minimum, some education in the arena along with some skill sets and serious savvy.