New construction in the city limits is increasingly hard to find and increasingly expensive.

They view each loan individually and have been lending to me even though I only work my W-2 on a limited part time basis.

That’s something I’m still fine-tuning as I explore new areas.As for scaling up, my focus right now is on leveraging tax-efficient strategies and building a system of limited liability companies (LLCs) to keep risk compartmentalized.

This waterfall would materially limit your upside as an LP if the fund ends up being highly successful. 

If you plan to invest in a syndication as a limited partner (LP), ensure the structure allows for direct ownership in real estate (e.g., through a Tenant-in-Common (TIC) agreement), as partnership interests are specifically excluded from 1031 exchanges under IRC 1031(a)(2)(D).

Very few non-owner occupied property policies guarantee full replacement cost - they typically provide replacement cost up to the dwelling limit purchased. 

I believe it is limited/restricted in the city of San Diego for low income housing. 

If he needed something beyond the standard business forms and Schedule E, I could give him limited access to my Baselane portal, just like my bookkeeper had limited access.

Typically you can only have one FHA loan under your name at any given time, but there isn't a limit on Conv so long as you qualify.

I’ve been in a similar position where I wanted to scale but equity was a limiting factor.