If you finance conventionally you don't have that limitation, but you can set your own goal. 

.: Quote from @Benjamin Aaker: Since you will be renting it out you should get a conventional loan.

If you plan in getting conventional financing, they will not allow you to use the LLC.

The reality is that with the super low inventory we have sellers don't have a reason to give you a 50% discount, so your numbers get squeezed and you will end up leaving cash in the deal.

•Purchase another property in San Diego with a conventional loan.

Plus you can't typically get conventional financing because they want to finance to a person, not an entity.

I know of a lender around 7.3%, but curious what everyone else is seeing.Keep in mind, we're talking DSCR, not conventional.

I can make the down payments in the smaller market on cash-flowing deals, but these bigger markets require 40-70k to make a deal the conventional way, and I just don't have that to invest.

I will look for your podcast.That's a great market with a high ceiling, but how's the inventory for finding homes to flip?

Higher loan balances we would likely see an opportunity in the future to refinance again due to lower rates so consider a 2-3 year prepayment penalty.Of course if you qualify for Conventional Financing (Fannie/Freddie), there are no prepayment penalties so just calculating out the return of investment timeline on point buy downs.Good luck shopping and let me know if you want to talk further!