Right now it is extremely hard to get any financing for investment properties and yes most banks will want the property to be "seasoned" for 6 months to a year or even more.

In your situation, I would be sure to get the vital information to do your background/credit checks during (or directly after) this phone call, so you can follow up on this after you hang up.

For the record, I have only done 1 flip that went extremely well.

The average cap rate is around the 8% mark, not extremely high like in some areas, but high enough to produce returns in the teens with conservative leverage.

One could easily argue college education is extremely important!

I have heard that is extremely rare for a bank to actually do this.

I do find it extremely interesting that the flips at 250,000 are the same price it cost me to present a brand-new 2500 ft.² home.

My only reason was becuase the old ones were extremely dirty and I wanted to spruce the place up.

People who work through it all are extreme motivations for younger guys like myself!

Thank you everyone for the responses, it was extremely helpful.