Hi, Still learning the ropes and digesting but I am looking for confirmation to help drive this through my head...In the below article, David talks about financing a BRRRR is optimal without the traditional loan. https://www.biggerpockets.com/blog/brrrr-strategy-real-estate-investingBeing a newbie investor with only $10-20k in the tri-state area, I would need to either go to a PML/ HML or come up with creative financing (i.e. raise the money of individuals on my own by convincing people on my numbers)?

This is the low end of a hands off ADU other than converting existing living space.The more sophisticated value add people are still leveraging non-optimized zoning.

When the property is repaired, optimized and fully tenanted I will refi into the best loan possible.

@Adalberto Jimenez  I would also recommend visiting the Events page under Network, in the top banner menu. 

Honestly, the traffic is much worse in Santa Barbara and carpenteria during rush hours than it ever is down south.You have a strong rental market in SB due to the university and price of the homes being out of reach, but the market is just as strong in ventura/oxnard due to the population and location is optimal.

But, because it is not catered directly to RE, there is more in there than you may need, and/or the user interface may not be as streamlined.You can find many many how-to's to optimize QB for rental properties, like this thread https://www.biggerpockets.com/forums/52/topics/590160-how-to-setup-quickbooks-for-personal-rental-portfolio

Property already cash-flows, looking forward to optimizing this property!

Keeping credit cards at or below 25% of the credit limit will help keep that credit score up to its optimal level the next time you apply for a HELOC.  

Thesewould be smaller units or in slightly less optimal submarkets of LA(e.g.

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