Hi, I am looking to sell my rental property in Edgewater and want to buy a rental property that generates good cash flow shortly after the sale to qualify for a 1031 exchange.

Since you are not in the business, it might be better to budget a small loss over a short period if time, rather than several unexpected large lump sum losses.At least that way, there is an out, and a light at the end of the tunnel.If it were me personally, I'd redo the entire house.

A $550 mortgage payment, plus the $250 short term loan, on a place that rents for $1000 is probably negative cash flow.

The issue is fluctuating income, you could have 30k first quarter and 5k second quarter, in short, lenders will not know if you can pay 3 months of mortgage on that second quarter, whereas if it is a W2, they will know that you will have the paycheck regularly and more assured you have something to pay their debt with.

For some reason it seems the most daunting in the short term but I think it is better to not throw good money after bad.

Its great for a short term construction project and you can refinance with a lender you like working with after your project is complete.  

I had a vague idea of wholesalers using transitional funding in circumstances like with a short sale or with HUD but had never personally encountered one. 

@Greg Tomita If you want to know of a local expert in the short term rental game in Arizona, you may want to reach out to @Ben Leybovich.  

Decide which kind of investor you want to be (SFR, (Single Family) Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

I have had some success investing in long and short term stocks but I'm looking to get into something that peaks my interest a little more.