Especially when there are tons of incentives for grabbing that "low hanging fruit," like there is in your particular situation.IMO your 'low hanging fruit' would be utilizing the new-ish Fannie Mae rule allowing only 3.5%-5% down for owner occupant financing (house hacking) on ALL small multi properties (anything under 4 units, so duplex, triplex or 4-plex).

Hey @Michael Ellis - I have experience with neither but can tell you that this form is probably not going to yield the most fruitful result. 

This is one of those posts that I will need to return to frequently to re-read it to pull out all the juice I can.

The goal is to look at a property and analyze how much juice can you squeeze before moving forward.

He was talking condos, but for some fun, out of the box thinking to get your juices going - I would totally take your budget and get as many mid-century bungalows in Burbank between Magnolia and the Chandler Bike path that haven't been remuddled, with the original wood floor under carpet. 

I purchased another property in the Palm Springs area that I converted into an STR which is also cash flowing.Yes, there are absolutely cash=flowing properties out there but they are not low-hanging fruit. 

If none of this bears fruit and you don't care to spend $60,000 you can get a septic system put in for around $6500.

The thought behind this was a note would have less volatility than the market, while juicing returns compared to a core rental.

Otherwise you are just getting a juiced return and sitting on too much loan leverage.

I thank you and anyone else in advance for your ideas - help me get some creative juices flowing, PLEAZE..................