For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

Pros/cons of investing in multi family near tenants??  

I currently work with investors looking to build their portfolio with single-family, long-term rentals while managing for them on the back end, making is hands-free for the investor to still work their W-2 job and live their everyday lives and spend it with family, hobbies, etc. 

I’ve often found that a property’s best path forward isn’t always the most obvious.. sometimes letting go unlocks capital for the next wave of growth, sometimes holding tight after refinancing keeps that reliable monthly boost (from what I’ve heard).I had a friend who snagged a multi-family in a similar price range about a decade ago.. at the time, it felt like a giant step.

I only have experience with regular single-family homes as STRs.

Investment Info:Large multi-family (5+ units) commercial investment investment.

I've already paid for an appraisal and the earnest money is recoverable.Thanks BP family! 

But it is very much applicable to single family rental and residential units simply by getting bridge financing and a post transfer cash out refi.

Investing in a single-family home in LA and expecting a good cash-on-cash return will be very difficult. 

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.