Down payments and cash reserves and BRRRR the next one @Chris Nunes

I've flipping homes in California to build some cash reserves.

Buying a fourplex is great and all with FHA but its almost impossible in LA county unless you got a really good deal or in a really rough area.After FHA changed their self sufficiency requirement from 100% of gross income to 75% of gross income - PITIA must be equal to or greater than 0 it made it much harder to qualify.3 months reserves is also required - PITIA (prin/int/tax/ins/assesments).In general you'll need a rent to price ratio of approximately .90% per month gross income to sales price or greater to make sure the fourplex qualifies for FHA.Example: 750k fourplex X .90% = $ 6750 per month in gross income / 4 units = $ 1687.50 or greater rents per unit gross per month.750k with 3.5% down = $ 723,750 @3.625% = $3,300.67 + 512.66 FHA MI + 781.25 prop tax + $135 insurance monthly = $ 4729.58 PITIA 75% of the 6750 = $5062.50 so this is still greater than 4729.58 so this property barely qualifes.The problem is that its very hard to get a .90% rent to value ratio in LA or OC counties right now.

I can control it from my phone from San Francisco (my property is about 500 miles away from me) and it integrates with Airbnb to send guests automatic personalized codes for their reservation that expire after the end of their stay.

I'm just starting out and I'm only 23 so I don't have a lot of reserves but I do have some credit available.

I'm currently researching how to know when we're ready in regards to cash reserves, down payment, etc.

That has to cover every item in the units that can and will wear out (flooring, paint, cabinets, faucets, lighting, appliances, etc) as well as capital reserves for big ticket items (roof, HVAC, siding, windows, plumbing, electrical etc). 

Reserve at least one for your local area, to keep up with conversations and connect with investors in your area.What sort of investing are you looking to do? 

I'm currently going on my 8th year in  the Air Force Reserve and I have another 8 years to go till I'm retired from that military life.

The leasehold should file the agreement in public record on title to create their superior interest in the solar equipment or those parts of the equipment setup which are not "permanently attached" to the building or "constructively attached" to the building/property.Now that said, you probably have to look to the lease agreement in regards to any repossession rights reserved by the leaseholder.