Here's my formula (pure common sense) for analyzing a flip:MPP = Sales Price - Rehab Costs - Fixed Costs - ProfitMPP is "maximum purchase price"...and the other costs should be evaluated very conservatively just to be safe.Now, if your numbers are correct, then Sales Price is $175K and Rehab Costs are $10K.

So let's say that's $85000 invested in the home.Let's say you want to sell it for $120000You could put an offer of 10% down, and the rest financed at 3% interest across 240 monthsSo you get the $12K down, and then the rest would go as followsThey finance $108,000 at 3% interest across 240 months (20 years)That's $108,000 * 0.03 * 20Or $64,800 interest, so a total of $172,800 in payments across 240 months at $720 per month for the buyer.The pros would be that this is $720 of pure cash flow (since you aren't a landlord), and you'd make a very nice profit in totalSo is this a feasible idea?

Honestly, though, its probably cheaper than a pure hard money loan with a refi.

Chances are since you are living in the property you'll get better financing terms so you can really generate a great cash on cash return.Also think about when you don't live there and make sure that the property still looks good under normal circumstances as in a sale to a pure passive investor.

Hey guys,I recently spoke with a lender about getting prequalified for a loan, and explained to the gentleman that I'm about 4 months away from rolling over from a salary position to a purely commission based pay, and that my income would be increasing fairly significantly. 

just to put this on the table I would be interested in partnering on properties in central Maine but in transparency these are purely cash flow plays meaning if you purchase a property for $xxx and make/keep it well maintained the exit 5-7 years down the road will be to sell it for that same $xxx can't count on appreciation.

Pure BS.  

If it's a pure rental, the lower monthly payment helps cash flow.

There is usually a planned presentation, but it's purely educational, not at all pitchy.

Otherwise what is a pretty good house hack turns into a loser as a pure investment.Vacancy 10% (your unit included)Prop.