Positive Cashflow That price is close to the retail value (Zillow & iCOmps).The house can appraise to $325K (just based on recently sold house in that area and income) I am having a hard time marketing this house.

We've never sold anything so all of our purchases have been to hold & rent. 

One tip is closely track your interactions with any potential investor, but in any circumstance when you enter into the syndication/private investor arena you need to be familiar with the rules so that you do not blow an exemption or break the law.

I got it for 220k and sold it to my buyer for 260k thinking ARV was 550k.

We are in a dual agency representation with the real estate agent and she was pretty forthright about how she valued the property - it is basically based on one lot comp in the same town from april, she multiplied that x2 (the lot is a bit over twice the size of the other lot that sold recently) - there have been no sales of land since then and the closest one before that was a full year ago.

After using Wells Fargo for my last two properties that I’ve successfully sold for a profit, using conventional loans, it is taken me almost a week to get from the same person I’ve been talking to for the last two houses to tell me that yes, in the security vehicle a.k.a. the mortgage there is indeed one line that says that I intend to occupy the house for one year. 

It sounds like a good strategy to me, as long as I'm patient enough to save up cash for that first property (assuming I'm not interested in private/hard money), and I'd have the advantage of being able to offer cash on purchases.My question is: is there a limit to the number of properties you can have refinanced or have a heloc (or equity loan) against?

We have sold 55+ properties the last 3 months, all wholesale to investors! 

In Ohio, if a home is purchased and being sold within 6 months and the buyer is FHA, banks require (2) appraisals. 1st appraisal was slightly over our agreed purchase price and second appraisal was almost $15,000 under.

Look for private money lenders or take a personal loan.