This can put a significant strain on your finances and cash flowThey also often require a large down payment themselves and may have a strict repayment schedule that can be difficult to meet, especially if there are unforeseen circumstances or delays in renting the property or generating income from itIn addition, relying on this type of loan may expose you to higher financial stress and the possibility of default if you are unable to meet your loan obligationsThe final decision depends on your overall financial situation, risk tolerance, and your ability to manage the associated costs and obligations

If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.

Principal balance currently at 314kProperty Details: It's essentially a "2-in-1" property, with the main unit rented out for $1,900/month and an attached ADU bringing in an additional $1,200/month.

Additionally, you can still find deals that will cash flow and hit the 1% rule and amazing appreciation potential. 

Also if the whole property or the yard is fenced then an additional barrier fence around the pool itself isn’t required.

Additionally, for the AR llc, do I need to register the LLC in California as a foreign company?

I heard that you would need to get neighborhood approval in addition to the city approval... 

With hopes to build two additional cabins in the future.

Just be sure to clarify that she isn’t a leaseholder but is authorized to reside in the unit.If you’re concerned about liability or want more peace of mind, you could ask the primary applicant for additional security, such as a higher deposit, depending on what’s allowed under Colorado law. 

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.