Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.

Or sell using the 1031 exchange along with a partial 121 primary residence exemption There is a way you could take advantage of the 121 primary residence exclusion allowing you to take the first $250k of the gain tax free ($500k if married) and qualify for a 1031 exchange.Say you purchase a property as your primary residence (house hack extra rooms for extra income) and lived there for two years while stationed there.

Virtually everyone lives somewhere especially true for those that pay taxes (in CA property and income tax).  

In order to execute on any of the strategies from #2, you will want to a work/income history and decent credit scores.

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

Most of these program qualifies borrowers with income and very few DSCR.

Are you able to request their balance sheet / income statement?

Because of the additional income I am producing through the consulting business, I am afforded the opportunity to invest money in real estate.  

Many of these are low income, government subsidized housing units.