So I tell them good , bring your buyer by and I will kick in 1% for a full price cash non contingent contract . 

If so, a best course of action would be refinancing those into lower-rate perm debt which should lower monthly payments and maybe provide some cash-out - that would be the cleanest/most conservative way to build up some more capital

Purchase price: $40,000 Cash invested: $100,000 Building a duplex from the ground up. 1600 sq ft. 4-2.

Hi,I am close to Huntsville and I have done house hack twice on which I have mortgages so I am good there..but two of the houses I paid cash out and fixed it and have rented it.

Technical point: While you will technically incur "mortgage boot" by not replacing the debt in your new property, using another cash source to replace your debt gives you a "boot offset"; meaning you won't incur tax on the mortgage boot by doing this. 

That is something cash for keys should be the first thing to do! 

Work on your numbers - calculate potential cash flow and ROI.

Cleveland is one of the best cash flow cities in Ohio, but it can really go neighborhood by neighborhood and block by block in some areas on the east side, so you really want to lean on that expertise from your local agent / broker.  

My suggestion to any one that are first time real estate investor in fix & flip, or planning to hold property for rentals, is to learn or read, understand about real estate financing first, build your assets and network or partner withsome has completed some projects in fix & flip and has some rental properties with positive cash flow within your immediate area before dving in to any project by youyrself.

You have props, buyers, cash?