The mortgage interest rates are more favorable and so are the terms (no prepayment penalty, as little as 3% down payment for a first time homebuyer, etc). 

If you have favorable terms on those first mortgages, you might find that a HELOC or a second-position loan is more cost-effective than doing a full refinance or a DSCR loan.

One more reason to have a good accountant on your team.

This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

The economics simply do not favor the investor.  

1st position available everywhere . 2nd position will be tough to find favorable terms 

The Sacramento market seems like it’s working in your favor.

Has anyone worked with Mario Cotto and his team.

Start by building a solid team, analyzing deals carefully, and making your first purchase to test and refine your strategy.Good luck!

This deal taught me to always budget for contingencies and reinforced the value of a great team!