Careful planning and strategy selection are crucial when starting with an investment of $20,000 to $70,000 and trying to replace a $7,000 monthly salary.

Regarding a method to hold the money while you search for a deal, I would consult with your trusted attorney to keep you out of an orange jumpsuit!

Thorough research on the Lafayette market, including rental trends, neighborhood analysis, and renovation costs, is crucial.

Still, I'm concerned about potential tax complications given the property's location in Maui, my residence in California, and my in-laws living in Washington.Am I overlooking anything crucial here?

This strategy provides flexibility and can be used to control a property with minimal upfront costs.Before diving into any specific strategy, it's crucial to thoroughly research and understand the local market, regulations, and potential risks associated with each approach.

Aloha Devon,  I am hosting an REI meet up in Orange County this Sat, March 9 at 2pm. 

I have a non-qualified use question that's very specific:We relocated our family to the Midwest and we rented out our primary residence in Orange County on Feb 1, 2021.

Although the Fannie Mae product matrix mentions the acceptance of Community Seconds for down payments on Homestyle loans, it's crucial to note that Fannie Mae doesn't directly purchase Community Second loans; they set eligibility requirements for Homestyle loans.

First, protecting your plans is crucial.

I hope you have the property empty which is crucial.