Hey BiggerPockets Community,If you're a real estate investor or developer eyeing opportunities in Los Angeles, SB-9 (the California HOME Act) could be a game-changer for your strategy.

There are alot of real estate strategy out there which will allow you to obtain a piece of property unconventionally. 

It's not simple, sorry.If you have not closed, consider tax mitigation strategies such as a 1031 exchange.

While I was open to carrying a note, I wasn’t going to go that high.Unfortunately, there’s been an unrealistic expectation set by the gurus that relying on seller financing is a viable strategy for buying a business.

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

It’s a tough decision, but we’re adjusting our strategy to align with market conditions and our timeline.Having come from a corporate background, I’m used to doing these kinds of planning exercises.

To minimize upfront costs, explore down payment assistance programs, creative financing strategies like seller financing, or rent-to-own agreements. 

Quote from @Lorenzo Lopez: Hello all,I am trying to do my first deal/buy my first MF property but I haven't been able to move the needle.I am focusing on Small MF (2-4 units), with a value-add strategy.

We are looking to do long-term rentals for a buy-and-hold strategy, starting to build up our portfolio and gain momentum. 

You can look into different strategies in the forums.