Getting one property and cashflowing it will be a challenge. you can try seller financing but you are still going to be highly levered which just enhances the risk that you are taking on.The best way to grow is to focus on managing your rental, saving money through your W2 and crushing that - if you are a realtor you will make more crushing it as being a realtor than over leveraging real estate - then save for down payment and buy slowly. its not a rush.

You could buy a turnkey rental there and do none of the work - look up MidSouth Homebuyers.

-Juan PabloNo clue about your program so no judgement there.. although reading from the posts on this thread.. and given the white hot market for MF the idea that folks that need credit repair or to get cash through credit cards are going to be financially viable to buy MF is   well not sure what that is other than some may say a pipe dream..

I am a buyer - my buy box is 200k ARV, all in $150k after repairs, rents for $2000 per month.

Every market in residential zoning has an expiration date, we just don't know what it is yet.The obvious solution is to buy in already regulated areas with tourist/commercial zoning.The returns are lower, but at least they can't go to zero overnight.

- 5 or 10 years ago, an investor could buy almost anything and have it cashflow immediately.

However, there are ways to leverage SBA loans so they can buy a new primary and then look at their current property as an investment property and secure a DSCR loan to redevelop and rebuild.

Patience is definitely needed if you are trying to buy from a resident with no real estate experience.

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

I either buy it in my personal name or a LLC.