Did you purchase this property all cash? 

Most commercial lenders do not require any seasoning for that entity which means that you can create an LLC and use that entity to purchase the property immediately as long as you have the proper documents.

I purchased a PreREO deal from them about 4-5 months ago. 

Platforms like BiggerPockets, local REI meetups, and Facebook groups can connect you with investors seeking opportunities.Joint Venture Partnerships: Consider partnering with a seasoned developer or investor who can provide the capital while you contribute your vision and operational effort.Hard Money Loans: If you’ve identified a property, some hard money lenders may fund the purchase and development based on the future value (ARV) of the project.Crowdfunding Platforms: Sites like Fundrise, Groundfloor, and RealtyMogul cater to real estate developments and could be a great way to gather capital.Seller Financing: If the land seller is open to it, negotiate terms to finance the purchase directly with them.2.

I also purchased these while residing in CA!

Purchase price: $550,000 Cash invested: $450,000 6 unit multi-family BRRRR.

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

You can also offer to lease with an option to buy to tie up the property until you are ready to purchase. 

We're crunching numbers and planning to make purchases this year in the self-storage space.

We put 100% of the purchase price per the contract into escrow 2 days before closing.5.