Or as the original poster put it- just don’t finance them and pay all cash, then you could do it with 40 luxury rentals at $10k a month.Now to rant - it’s great to have a goal, but start with one and see how it goes….

@Rob Chopra if they didn't do anything more than their original quote, yes, that would be unusual.

I'm originally from San Francisco and started off as an out of state investor back in 2021 with a single family home. 

I build for investors for rentals or who sell them. originally from columbus but relocated to brickell / miami three months ago

I'm originally from San Francisco CA (started off as an out of state investor in 2021) and have no desire to become a landlord in CA. 

@Alesha Walker Refinancing your three properties into a 30-year note at 6-6.5% seems like the safer option, turning your negative cash flow into a positive $450-$500 per month, even though it delays your original goal of paying off properties within 15 years. 

Can they call the loan even if I'm a sole member of the LLC and the originator of the loan? 

No offense but I feel bad for the original seller more than you.

As I am now in a hurry, I’ll post mine as originally written.

My thought with the bottom section was to try and match the style of my original handwritten note.