I am currently in the process of educating myself about the REI game while i finish up my business degree.

I would like any input, possible from people with similar or different education.

Currently focusing on getting educated, meeting the right people, starting an LLC and figuring out how to fund the dream.ThanksSean J Phillips

I want to start leveraging my current home to purchase a multi family. 12-16 unit.

My income proforma shows that  I can get an unleveraged IRR of around 9.3% (11.6% when leveraged at 50%). 

The ones I model myself after were not aggressively over-leveraged and believed in the product location. 

You need to know current market conditions to make an educated decision on how to move forward. 

That’s very realistic; at that stage, where you do not have strong w2 income anymore I would not take chances and get too leveraged. 

You can still do deals in CA, some cash, and some with leverage.

You can probably find a credit union that would do a cash out refinance for maybe 70% LTV and if the property is valued at 230-250K you could possibly put 161-175K cash in your pocket keep the rental in Toole and go buy a few properties in Florida or wherever you decide to buy.All depends on how much you want to leverage yourself out.