They can take out enough for a down payment for the next house and a little extra to put into savings as a "What if" fund maybe 3-6 months PITI based on the new home payment.

The 5 year proforma by DEFINITION is based on a whole slew of assumptions about a whole host of issues in the future - national economy, local economy, interest rates, cap rates, rental rates, political and geo-political factors.

I would recommend first establishing what your financing options are based on your cash on hand and cashflow expectations....  5% down? 

It was a base hit.

I'm renting the place at 1495 currently and, based on comps, this doesn't seem like an unreasonable price.

Within the nonQM space there are products like DSCR, bank statement loans, P&L loans, asset based loans, etc.

*This link comes directly from our calculators, based on information input by the member who posted.

My realtor commissions get paid to my LLC which is an S-Corp so I pay myself a salary based on the total of the realtor fees and other flips I do throughout the year.

They're a 1031 Qualified Intermediary service in SC and are based in Greenville.

Sounds like it's been vacant for a while based on your narrative.