The other option is to look outside of west-LA and find cheaper properties inland.

Now I plan on building my empire over the next 5-10 years.

Grettings Bigger Pockets Veterans, Noobs, Mods, etc,I don't think I'm alone in thinking that NOW (or yesterday) is the new time to buy and hold.I know that people are acquiring multiple rentals, SFH and multi, with a lot less cash out of pocket than most noobs like myself understand how to do.I'm looking for some general advice for the masses and some personal advice for my situation with goal being to get as many cash flowing properties as possible in the shortest amount of time.I feel like I need to know about cash out options, refinancing, and getting equity out of deals to purchase in to new deals.First...if anyone can recommend good books on this subject i'm happy to do the research myself.Given the following list of assets and circumstances...how would YOU amass an empire?

The debt service gets added on on top of this 50%.This is just an empirical rule derived from several large studies of apartment complexes.

Otherwise, there's not a single hard money lender out there who will lend to you with bad credit and no money, particularly in the Inland Empire of CA.

Can you recommend a team to work with in the Inland Empire?

Still not enough empirical data to say that will hold true, but even w/ a small ROI for the first year, I'm very optimistic and still looking for more.If you made it through, thanks for reading...it came out longer than I thought! 

I am developer investor in the inland Northwest and focused primarily on Spokane and the surrounding areas. 

My name is Rance Brown and I work with a Private Money/ Hard Money company in Spokane WA called Inland Capital.  

I plan on house hacking a fourplex as my first investment, we'll have empires in no time!