I’m thinking I can explore a home equity loan latter when I am ready to invest again.

I’ve been exploring strategies like the BRRRR and am keen to hear about others' experiences.I’m here to learn, share ideas, and contribute wherever possible.

Given your concerns about California’s high prices and tenant laws, exploring out-of-state markets is a great idea, especially for rookie landlords.Oklahoma is worth considering!

So, after exploring several options, we just have to hold until our home is completed and then we can look at purchasing rental property. 

If you ever want to explore opportunities here in Charlotte, I’d be happy to share some insights.Best of luck with your first investment!

Diversifying your portfolio can provide stability and growth potential, especially if you explore different types of properties or geographic locations.

@Spencer DixonRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

As others mentioned, a DSCR is worth exploring here.

Gradually raising rents, exploring lease buyouts, or selling with tenants in place are balanced alternatives.