Purchase price: $500,000 Cash invested: $100,000 Buy and hold multi-family property initially house-hacked prior to purchasing the single family in the burbs.

From there, network and do your research about the area, have all of your "ducks in a row" to then action on a property if you see it come on the market and the numbers make sense.

I'm Mr. boring property law. 

I’m willing to accept higher interest rates on a line of credit as the overall $$ amount is significantly lower than refinancing an entire property at the above mentioned 6-7%, not to mention restarting the amortization schedule all over again.

Hi, good afternoon my name is Cesar i’m new to the biggerpocket forums, I’ve been reading the book rental property investing by Brandon Turner that’s how I found out about the forum.

@Gabriel SantinYou can get preapproval from a hard money lender for an on market property.

"Could this be a time to pickup a decent property for a bit of a steal there (at least relative to how crazy high the market has been recently)"Yes exactly

I don't agree with your lender that you have to live in the property if you are using a conventional loan, but depends on what product they are giving you, maybe a work around for that.I would not purchase based solely on what income you can derive from STR.

last thing I would do is turn a property that you can sell with no tax into a property that your going to pay tax on in the future.. thats one thought..

What happens if you sell a property to invest somewhere else and make a mistake?