Also, a lot of sellers might be more willing to finance the down payment if they know you're committed and have a clear plan for the property.

My Plan Is to give a note for the $200,00 due in 12 months 0% interest.$70k out of my pocket cash and sell the house when it is done for $360k to $400Kclosing cost $40k so 360 - 40 = 320 - 270 = 50K profit or 400k - 40k = 360k - 270k = 90k profitthe $360k is conservative for sale price chino hill ca.at least that was what i had bouncing in my head

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

Would love to connect and hear about how your house hack is going and what your next plan of action is.

I also think every property is unique and needs their own plan.

That means paying all cash isn’t an option unless you plan to bring another $600k to the table. . 

Plenty of people do have 10-20 unit and work thru it, you just need to think it thru and have a plan if you don't want to do all the work. 

I plan on renting a unit and probably getting a roommate or two in my unit to maximize cash flow early on.

I want to have a game plan in action prior to reaching out to lenders. 

Would love to learn more about this flipping plan you have and get you connected with anyone you may not already have on your team.