Most people will not qualify for this, Fannie multifamily is simply not an option for someone new to this asset class.Bank - This is a Texas headquartered bank. 25 year amortization isn't the sexiest, but that's a human-attainable interest rate with very modest points/fees, with a short prepayment penalty.

A fund would need a Security offering and then you would need a MLO or Consumer finance license or RE Broker license to make the loans in the State of CA.. one of the 3..

If you wouldn't mind sharing, what are the top 5 time consuming tasks you come across? 

HELOC which stands for HOME equity line of credit, is a consumer loan product that is supposed to be used for personal or household, not commercial purposes.

If you need to add those systems they can be incredibly expensive and time consuming to install, especially if you have to deal with current tenants. 

Using the funds to buy a primary will be considered consumer purpose.

I was thinking I would be able to save on rehab or at least pay myself a modest profit for overseeing the rehab and or any work I chose to do in house. 

Although we do investor loans nationally, we only do consumer loans in FL.

(Not a bad idea since these properties are on no one's list, but it's very time consuming.)Engagement sequence would be a mailer with a handwritten address (This is also very expensive and time consuming. 

I have a modest background in web development and have been rebuilding a separate direct-booking site to align with a broader pivot to off-platform direct booking.