Eliminate debt, establish a budget, and save.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

If not, consider establishing one for 2025, after learning the rules.

Either would be a great option; I'd probably choose Roseville because it's more established, but the City of Elk Grove deserves a lot of credit for its impactful growth programs, so it wouldn't be a bad option. 

This would be my first foray into real estate investing... and I absolutely 100% agree that the best move is to establish a track record using my own money and conventional loans before considering using private money.

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

You could even consider a condo with an established HOA that’s STR-friendly—it can simplify maintenance and management.A Few Other Things to Note: Documentation is everything.

We help the wholesaler and establish a great connection and in turn they start bringing us deals & borrowers. 

I was fortunate enough to live in Detroit for several years, so I was able to establish a network before moving back to California.

Stack yourself with advisors of various niches to council from on various deals presented.