Supply is lower, interest rates high, and people are locked into there houses. 

I was able to lock in private money to purchase the first of the two properties with plans of doing a BRRRR.

I feel as if it would be hard to sell and that cash would be locked up for some time.

If you go with commercial financing you can put them in LLC names and you won't have those restrictions - but will have crappier financing terms - like 5 year locks instead of 30 year.)We bought 12 houses in 2018, 10 in 2019, and 9 in 2020 before prices went skyrocketing.

Plus, with your market's rapid development, you could lock in your gains now while the market's strong.

Keep building that network, and best of luck locking down your next property.

It will be a 5/1 ARM though.If you want to lock in a 30 yr, but with a little higher costs, I've used LimaOne and Visio in this area. 

If you have people cutting you large six digit and 7 digit checks, I keep my ears open to hear what they are saying.

I'm hoping to lock down my first investment property in CA before the new year, God willing!

Either way, you lock in a 30 year note.