What type of loan product is best for 1-4 units?

[Kico Mendoza]

Hi all!

I'm a long time podcast listener posting for the first time. I live in San Diego CA and want to invest in rentals in my neighborhood. There are several in my neighborhood fitting the description above. I don't have the capital available to purchase on my own so I would need a loan. In some cases that loan should include rehab costs.

I am looking for suggestions and advice on the types of loans best suited to buying and holding single family homes with at least one additional unit on the property and/or 2-4 unit 1-2 bedroom cottage style units. I'm guessing it would be a shorter time private money loan that I would then refi into a traditional loan? A BRRR type loan? I would be holding onto the properties and renting short term to traveling nurses specifically.

If there's anyone in San Diego currently doing this I'd love to talk with you. I've attached an example listing below.

Thanks!

Kico

[Kenneth Donaghy]

@Kico Mendoza @Yezenia Hernandez -  @Twana Rasoul is correct. as well as @Nicole Holcomb on the loan limits for SD County, yet that doesn't include the amount of reserves the lending institution may require. 

Before going to deep, it best to speak with a preferred lender on what's realistic