Because this property is located in midtown historic district of Sacramento, we feel there may be market for both MTR and STR, but first thing is we will target LTR and let 3 or 4 units filled in.When we first start developing this apartment from ground up, it was intended to flip and move on to the next project, with timing and interest rate etc.. we deiced to keep it as a cash cow for a while and see how things go.  

Have your agent start to look for properties that will do the 1031 now.See my comments in recent post. 

So all in all, the investment seems solid to me, and this is not my first rodeo, as they say.As for the risks associated with the SBLOC, I minimize those by only utilizing a portion of the LOC so that even if the market drops another, lets say 30%, the risk of margin call is slim.

We are starting to explore options for buying his shares to eliminate him as a risk and a roadblock but still have funds leftover for growth.

However, i recommend newbies start in or close to their home market.  

Hi Sergio, There is no better time than the present to get started. 

I started in residential, had 6 units.

Start by exploring books, YouTube channels, market research, and analyzing trends in neighborhoods.

I did notice end of 2024 to be more active and January to continue that streak compared to 2023 and start of 2024.

Even though the budget of the project will be about 4 times of where I was looking to start with a fix and flip, MF financing looks very encouraging and a silver lining.