We have a decent plan working now, its just a matter of financing and scaling.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

He is open to seller finance with 0% interest.

However, I don’t yet have the funds for a down payment on another house, and I’m trying to figure out the best option for where to live while I rent the apartment.Do you have any recommendations for managing this transition or tips on finding a temporary place to stay?

And how are you financing your flips at this point?

I’d need to see what rents are and how financing would work for that.  

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

I'm not sure about the SD market, but I'm in Sacramento, and focused more on creative and seller finance deals that cash flow.

.## Financing OptionsFor Hard Money and Private Lender financing, it's crucial to build relationships with local lenders.