Hey @Joy Daniels, I read everything I can all the time.I read a few blogs that go over products and some design.

Unfortunately, I have not been able to find enough information on how to use this product in California.

Also fully understand the refinance guidelines for any DSCR, or Traditional loan products you BRRRR into.

Their zero gravity product is extremely attractive - they loan 96% LTC! 

Quote from @Frank Flores: For a rookie with low investment capital, what investment strategy would be best for me at this time?

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

Your project may not have enough meat in the bone for syndication but if it scales, why now explore.Caveat: each avenue comes with its pros and cons.

This is limiting my options.I have never utilized the multifamily lending products offered by Fannie, Freddie, etc., so I would be interested to a) hear other BP members' lender recommendations for this sized property and also b) other members' experiences working with Fannie, Freddie, etc.  

So you not only have to increase production to get the price down there, but also increase production to out-grow OPECS reduction in production, because they will throttle production to keep there profit margin nice and fat. 

@Brittney Yang surprisingly I have found that I can have glue down LVP installed by a local flooring company, we use Artisent Floors, https://artisentfloors.com/, for our local renovations and they are awesome and they can do it for less than what I can buy the product for at Lowes or HD even with my 10% military discount!