Ideally it’s here in Socal BUT I’m open to out of state investing.

While not ideal, this was expected and I baked that risk into my objectives. 

My 5-year goal is to own as many multifamily properties as I can, ideally each of them cash flow.

The rent would be $550 per bedroom and the utilities would be split in 4 (all the tenants plus me).That was just a surface level analysis for that property and I was wondering If a FHA 203(k) loan would be ideal to cover for the remodeling while keeping in mind the HVAC would need replacement sooner than later.

Hi Anna,As Bryan, mentioned, building cash by renting out the rooms all the time would be ideal.

Hi Mateo,The ideal would be to use cash and then do a cash out refinance into a long term mortgage. 

While not ideal, when weighing the additional costs and time of foreclosure, against the likelihood of recovery from the PG, we determined it was more likely we’d save expenses than we’d be able to collect on the PG.

Ideally, you could find something liquid (money market) or fixed for a duration until you need it (CD, etc) with a rate approximating inflation but rates (even with talk of some incremental raises coming) still won't yield much.I think you have a good point about return.

This means that your monthly rental revenue should ideally equal at least one percent of the whole cost of the property, which includes the purchase price as well as any necessary modifications.

Ideally you would find something with a base salary plus commissions.