Before you buy you 1st build you awareness of real estate investing, potential team members that you will need over the journey that will likely last the rest of your life and commence recruiting people and investing time seeking out knowledge and WISDOM.Wisdom would say buy in the down cycles of the market and refi cheap when rates are low but investors often have ants in their pants.  

Yes I used a Heloq to help with the downpayment on our first STR.I also use the heloq for buying cheap LTR properties or at Tax Lien Auctions and then I pay it off quickly. 

If so an idea would to not take any money out and throw every bit of cash flow into a repair account.While it may be stressful short term will these places make money in near future.

I will take CA appreciation anyday over buying cheap properties in another state. 

So I’m guessing you got your house cheap.

Thank you  Your pricing on materials is super cheap . but I am no where near the border , so I have no idea .

It's really when debt gets cheap again, do the people who bought in 2023-2026 now realize oh this is going to widen from inflation again.

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is. 

Legal isn't cheap and he probably spent a ton of money3) Court documents also show that Sief himself have over $1.3M of his money invested just like we did. 4) Scoutpads also gave up it's rights to their unpaid dues in favor of all investors to be paid firstSo this is someone that:1) has integrity2) fought for others 3) took the lead when others didn't4) funded the whole thingThat’s 99% more than most people would do in my two cents and someone I'd continue to invest with.

LA can be super expensive if you're getting construction done for you, but it can also be super cheap if you play your hand right.