And would they be willing to do financing for you so you don't have to pay cash up front? 

It has seen steady appreciation, and multifamily properties can provide strong cash flow.

If so, we do not have a seasoning requirement for cash out.

I don't know any builders here, so I am wondering a few things: - Does anyone have a builder that would be interested in doing a single infill project (there is another infill lot going up on the street, might try and connect with them) - I am in between paying for it myself with cash during construction (maybe the home will cost 150-200k to build?)

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Like most places with growth though, it's hard to find properties to cash flow given interest rates etc. 

Rise48 is raising preferred equity at a valuation that is not market, with income growth projections that are unreasonable, and putting $7,000,000 of new investor cash back in their pockets... $7,000,000!!

With $60K to invest, you might also consider looking at more affordable markets, either in California or out of state, where you can house hack with better cash flow.

I'd also be shocked if there's any cash-flow after the refinance.

That’s the lowest hanging fruit in my opinion. leverage the lenders money and have great cash on cash returns… move out after a year and then repeat the process.