The last few STR deals I closed where my client used a second home loan, they ended up putting down 20-25%, preferring to have more equity in the property versus giving away thousands in fees to the lender. 

Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

In addition, you would need enough working capital to pay for insurance (which will be going up a LOT in Los Angeles) and to pay for property taxes.Don't buy this unless you have substantial resources and a cash cushion to keep yourself safe.

Have a big database, sellers who look up my brand/appeal.

I live in NYC and started investing in Buffalo a few years back, mainly for the reasons that you mentioned. 

When the wholesaler locks a contract up under false pretenses it not only lacks integrity but also throws the agent under the bus with them.  

Check with your CPA, the people setting up your LLC and/or your QI. 

DM me, and I’ll point you in the right direction!

Great reason for not pulling deductions forward.I have been retired from a W2 job for some time and my income is at an all time high and will just keep going up with more RE investments. 

I'm Alejandro and me and my wife are doing our research to start investing in the US.