HOA is always a pain in the neck with the rules and regulations.

Ali, I used to live in your neck of the beach, over on Sunset off Lincoln in Venice.

Hi Account Closed I am relatively close to your neck of the woods and I am in the process of doing a cash out refi with my local credit union on our property in ME.

100k in my neck of the woods probably wouldn't get you into MF, remembering that MF is only 5 units or more.I would look for 80 LTV debt and don't put down too much as it will start effecting your return and it's harder to scale quickly (but not recklessly).Rule-of-thumb, again in my area, are roughly $200-300 in free cash flow per unit and if you were able to get a 5 unit then you would likely receive in the area of $1000-1500 per month.Hope this helps and I thought my corporate job would kill me as well so I understand where you are.

The deal would be a 84-month balloon, 10% down, 6% interest on a 30yr amortization schedule...not bad...and I would need to leverage about $18,000 total to get closed, cleaned up, organized, and ready to start collecting cash...Here is why I am passing on this deal: Looking at the future provides a grim outlook...so, there is little appreciation in this neck of the woods...meaning 3% per year would be generous...and my exit is a re-fi to settle the principal balance on the note...but, at 70%LTV and a favorable appraisal leaves me significantly short to settle the debt...I simply can't do this deal because I would be unable to perform on the balloon and either have to come out of pocket, or...foreclose...What would you do?

As I've done and so many before me but it is like a muscle, after you fail so many times you will learn and recover.  

I just hope LA continues its momentum towards a "true" world class hub city so all of that glitz can lead to greater equity in my neck of the woods. 

I was just telling someone how much I love your neck of the woods.  

But why stick your neck out in advertising?

That being said we bring manufacturing jobs back as well as stoping China from stealing our businesses technology that will go along ways to increase wages and jobs in places like your neck of the woods Ohio.