@Laine Fury- Interesting!

Bought my home Dec31 2020 in Van Nuys, CA (Los Angeles) for $586k. (5% down, 2.99%)Seeing very similar homes in my neighborhood (with even worse specs/curb appeal) going for high $800+ as of 2021.Not ready to move on yet, but just trying to plan ahead, as I'm considering relocating outside of LA in the next few years, and will need to capture some of that appreciation gain to make a healthy downpayment on the next home.

I run str's in Lake Tahoe and LA.

We decided to purchase a home outside of Fort Polk, LA, in 2016, and I recently sold it.

@Bryan LaIn person and then follow up with a letter in the mail is what I would do.It is more personal, you want to treat them well and in person lets you feel out if they will be a problem or not.

I’m looking forward to interacting with you all on the forums and hopefully a few people local to LA in person too.

My situation:* bought a SFH for $250k as my primary in Portland, OR in 2002* moved to LA in 2006 and turned it into a rental (the home is still in my name, not an LLC)* been renting in LA since my move* want to purchase a primary residenceThe plan:* refi my rental (I'm on an adjustable @ 5% right now)* cash out $150k @ 4% for 30 years (home is worth $550 now)* use part or all of the $150k for a down payment on a primary residence in CA or NV* secure a 30 year fixed rate mortgage on the new home* get back into a home of my ownAny issues with using a cash-out refi on an investment property for a down payment on a primary residence?

The issue is I cannot get a traditional loan due to the amount of rehab It will need to make it live able , and I don’t want a rehab lain because I want to do the bulk of the work myself .purchase price the seller has agreed on is 65k and my estimate it needs roughly 35k in Reno.

I had always wanted a small multifamily but there weren't many in my price range when I was looking in LA in 2009.

In LA in the multifamily in iffy areas seems lots coming online but at high valuations.