Since you're 6-12 months away from buying, use this time to build investor relationships, master deal analysis, and secure financing.

In your contract, include clear timelines, quality guarantees, and protections for unforeseen costs or issues.

At this point I am reading books, saving money, and looking to make relationships in the investment community.

You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived. 

We’ve mostly relied on broker relationships for sourcing on and off market deals so far.What markets are you active in?

I specialize in investment properties, high-end homes, and commercial real estate, and I run Updegraff Group Realty, a full-service brokerage that helps investors not only find and fund deals but also manage construction, optimize returns, and scale their portfolios.Financing Your First Deal Without Using Your Own MoneyIt’s a common question, and the truth is—it’s very doable, but it requires strategy and relationships.

Time is money, and SB-423 speeds up the permitting process, making it easier to get projects off the ground with reduced delays.Navigating Carlsbad’s ADU RegulationsUnderstanding Carlsbad’s ADU regulations and permitting procedures is essential for successful development.

There is next to no privacy.Weddings that book venues of quality, which is how this home views right, of quality, these weddings are predominantly of a certain size threshold. 

If you put less than 5% down, your return on equity is likely sky-high.

3) What neighborhoods would you recommend in this price range if I'm targeting high quality tenants?