I've been in Mortgage's for 25 years and have lots of money sources for flipping, investments and hard money.

And having had to hydroblast roots out, about $3k expense, and then the pipe likes to collapse, so you can often be in about $10k+ for a full repipe to the street, plus landscaping repair on top of that.Foundation can also get pretty pricey.At the end of the day, having done 8 flips, I still think of them as if I can make money, and learn something, I am doing well. 

In that regard you better put money into CD. 

I really just want to pull some equity out do some updating on it, and put money down on another condo/townhouse most likely Florida or another  condo in same subdivision, pay off some debt. 

First off $20K should be enough money if your trying to get a construction loan done.

if it's a low rent area then clean it up and don't spend the extra money.

If you feel more comfortable having a lawyer review it, that is still a stronger starting point to save money since they are not starting fresh. 

In both cases I spend a lot of money rehabbing a house and then pay myself back either through a sale or refinance of the property.Up to this point, I have primarily just paid for everything through my business checking account.

That being said being so quick to grab na property at my young age it may not have been the best deal; but I put 0 money down and actually got paid to purchase this property so I guess I didn't do too bad.

I have a quick clarification question regarding hard money loans for fix and flips.