Bird in hand is better than 2 in the bush, especially when the two in the bush do not have the money.we are seeing a lot of companies now try and get seller financing and then arbitrage it to renters - similar to STR arbitrage but just arbitrage it with a loan and collect the rent and if the tenant stops paying they walk away and you are stuck with the home, the foreclosure and the subsequent eviction.

Total investment: $420k, with a 1031 exchange offsetting $300k. 

It is a duplex totaling 4 bds and 2.5 baths with modern updates, in great condition.

At my other location, I currently have 6 rooms with three vacancies and totalling 4 at the end of the month.

A total cost of 6.3Mn over 23 units equates to 274K/unit...this appears unbelievably low for San Diego...I'd want to see full development budget detailing hard, soft and financing costs as well as month by month projections showing construction and lease up cash flows.What's the 2.2Mn purchase price for?

Please verify with zoning and ask them for a verification letter so you can have approval on hand.

Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses.

In a total package deal for a single family or multi what do you look for?

I’ve worked with investors in similar markets (Providence and neighboring areas) and have seen first-hand how house hacking can be a game-changer.. even in today’s fluctuating market.A friend of mine recently purchased a three-unit property in New Bedford, MA, just a stone’s throw from where you’re looking.

Some desperate first time home buyer will totally underestimate the work and pay full fare.