thats horrible, hopefully you can get some of the cash back. there are just horrible people in this world.

Just remember that wholesaling is much tougher than all the gurus make it seem to be, but not impossible at all if you create the right systems and understand, when you are new, that you are solving problems, not throwing cash.

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

This is partially true, partially untrue.There is an 8% withholding in case that there are taxes owed.

If you plan to use cash to finance your acquisition and rehab expenses, this will help minimize risk exposure to a certain degree.

I have had 3 people email me this weekend who are over leveraged and also cash strapped in that they have repairs of $5k or more, o cash to repair and without repairing cannot release unit.

Purchase price: $220,000 Cash invested: $30,000Currently house hacking.

Personally If you like your current residence and hope to stay there long term I would forgo major improvements on my primary and use all investment savings to make you more money and cash flow. 

In order to do this, you need to have cash or cash equivalent for that one day that you close.

@Jordyn Ohs Assuming your heloc is re-advanceable and the rate is higher than your mortgage, I would suggest you pay your HELOC down as quickly as possible with any cash flow from the properties.