I did some googling and came across a product that is relatively inexpensive compared to the quotes I was getting.

Originally posted by @Kevin Burke:Any recommendation for a new investor looking to invest in multi family homes A lot depends on what size property your talking about but regardless market and product knowledge is key then learning financing and raising capital if you need it.

So they win on both sides: they pay less today because 1) the price is much lower and 2) they get financing.Mind you this isn’t going to work for you because it’ll take as while before I can bring that product to market.

So far Bigger Pockets has been an amazing resource and the podcasts have made my commute a much more productive use of time. 

@Joe Villeneuve again I must say that you're right, now things fell in place after I have some understanding how this game is played and I know for sure that I won't be using more than the DP for my next unit.I will filter deals by positive cash flow per unit and maximize this value as much as I can.as I said before, I do long distance investing as prices are at peak where I live, I keep an eye on the market value nowadays especially due to covid-19.

I have been looking into rates for a refinance on my Ohio Duplex for about 6 months (pre-pandemic) and I have been consistently finding rates that are over 1% higher on the exact same product (2 unit, cash out) as my CA mortgage broker.   

Property that qualifies for the 1031 exchange is property you have purchased with the intent of holding for productive investment use. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/The site has quite a few tools that can be helpful for new members.

I've heard Civic is one of the only non QM lenders with a rental product. 

So, you either had to come up with $21K or $49K.Either way, there's a new loan product out there that will enable you to do an identical project for as little as 10% down on the acquisition and 100% finance the reno costs.