Not sure if that is the case for you or if you are worried about burnout but if not, I would continue making extra as a nurse which will help with getting you approved based on income for future homes. 

If I purchased a home locally I’d have to ask well beyond the market rate on rent just to break even.

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants. 

Explore FHA loans and mentorship opportunities from experienced investors.

So, would you suggest doing this and putting him in 1st position, once the home is completed have him removed from 1st?

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.

Hi Bigger Pockets Fam,I paid cash for a home March 2024 that was uninhabitable and am just now getting around to rehabbing the property.

I believe the investor may need a commercial loan at that point or could do 3 separate loans since they are on different parcels.

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Depending on your current rate or if the current loan is short term or long term.