Yes it was , I have had this loan for 7 years now, they are growing the company from one into a RIET of 4 different businesses and the goal is going public once the company is in the right position.

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.

DSCR loans could be a good option if you want to continue to grow your rental portfolio.

For now, robust insurance can provide liability protection, with an LLC added later as your portfolio grows, balancing California's fees with liability needs.

All advice is greatly appreciated so I can grow and learn and then be able to do the same for others in the future. 

However, if you'd like to continue to grow your portfolio and use your own funds (instead of OPM), then I would tend to say take out more than the 50k in order to fund future purchases.

I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.

@Andrew Liu you did not list the age of the house.

It's all in the person, but I can say that Eddies Mentoring is not quite what you expect with you think mentoring as it seems to grow and morph as there are changes in the industry.  

What I saw in terms of development there convinced me that it is an exciting growing market, and I decided to get involved myself.