Hi Laura, I have done a few deals with family and friends, and the Most important piece to this deal is ensuring that whichever direction you move in is clearly explained to all parties, written down on paper (preferrably with an attorney) and signed off on by all parties. 

Yes, they will account for 75% of the existing or projected rents, whichever is lower.3.

Between hard money, HELOCs, cash outs, unsecured and secured loans, you should pick whichever gives you the rate and flexibility to get the next project done.

If you have a cell phone you have no privacy.I am Not talking about an owner occupied borrower who lost a job but can go back to work and a lender gifts a modification.Many of these subject to deals with investors the original borrower is not paying, the sale price is inflated, there are seconds and thirds who won't have the money to payoff the first, and the "investor" has no reserves or team to deal with: code violations, a fire, non paying tenant, is far away from subject...

Hey guys im looking for whichever best new construction bootcamp/mentorship programs you guys think is best.

@Tyler Herman you may do this but instead of an LLC it’s a trust and with solo 401(k) you may borrow up to $50k or 50% whichever is less.

That said, I think someone that is investing in another area/state should not start off by buying in San Diego either, they should start off in their own market because out of state investing adds another level of complexity and is not as easy as some may make it seem.Good luck whichever route you choose :)

In the end, I will adapt whichever way it goes, but I don't think many have really thought this out.

(Generally, whichever is less). 

if the deal still pencils with multiple strategies & you're planning to hold it long term, 20k over (in a higher cost market especially) will probably be chump change down the line. in general, it's good to not miss out on a deal just because you want a homerun deal. taking base hits get us further than waiting around for home runs. just keep in mind that if you have to come to the table with an extra 20k down (which you probably will bc the bank will only lend on the appraised value or PP whichever is lower), and you have to sell for some reason soon, you're probably losing that 20k. a risk you may be down to take if you really know your numbers, have multiple backup plans, and are in it for the long haul!