I have a small network and seems like we can find deals where the purchases will be in a good location, will be priced below market and will have instant equity.

The land will cost $50K and to build will cost me $225K, all houses in subdivision are going for $468K and up, so I will have instant equity.

The bills (including groceries) will all be paid instantly when my check is direct deposited, my savings will be automatically withdrawn from my paychecks so I never even see it, and what's left over is mine allocate as I see fit.

@Christopher LeetI won’t ever buy anything that doesn’t have instant equity or appreciation.

Look at everything that has sold, look at stuff on the market, start making your own comparisons, basically you want to know almost instantly if its a good deal or not (Of course the inspection will give you a better understanding) But from the outside, for the offer, you need to act quick, especially in this market for small multifamily.

When even just the potential upside drastically outweighs any downside, make those decisions instantly.

This higher return is created from buying at a discount since the property will have a problem to fix, and then gaining instant equity from the ARV.

@Daniel LehmanYou can potentially buy up to $1,000,000 in real estate if you get 80% loan to value mortgage.I would prolly aim for for a little less in total value so you have some funds as a rainy day fun and to also have a budget for repairs/improvements.I think it is a good idea to diversify your assets at this point in the market.I would like to see if you can get 2 3-4 unit properties in a B / B- / C+ class neighborhood.You instantly reduced some risk by transferring 2 units into 6-8 units.on a side-note, I really like San Diego.

I put one on instant book and one I had to approve within 24 hours or decline. 

@Anthony VargasFor vacant insuranceI currently use Arcana and if you connect with a REIA group that is a part of National REIA they have some of the best prices ever.I have also used APIA and found them to be the easiest to work with, despite arcana being 100 percent auto,ate and instant access once set up.Also in the game is NREIGAll insure nationally.Your local REIA group might have standard national insurance companies that broker a few other products for your vacant houses.