Purchase price: $46,000 Cash invested: $38,000 Sale price: $68,000 Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.

My cash flow is not great because of high insurance rates and HOA fees.

In the classic "B" neighborhood vs "C" neighborhood debate, I'd probably give up a 2% monthly Cash on Cash to be in the "B" area.

Additionally, I am looking for a real estate investment opportunity, ideally something that produces decent cash flow. 

Your cash flow is limited there so hopefully the property is in good shape.You would likely be better to use a HELOC to take to invest in a quadplex or two-family if you wanted to go multi because you won't see a property at 2.875% ever again most likely.

But if not BankofAmer, would another mortgage lender take on the 2 mortgages and blend the interest rates together based on my credit and possibly even cash flow?

An FHA loan can be assumed by anyone who qualifies for the loan.But in all cases, the new borrower will most likely have to bring an enormous amount of cash to closing.

Hoard the cash!

In addition, the deals will be based on long-term rental outlook, but we are going to see how a mid-term rental strategy pans out for the higher cash flow in the short term.

I live in one and rent the other for $400 cash flow.