We fully renovated both units, improving the property’s value and rental potential.

The 3 apt + 2 Commercial Garages is a unique property.

Quote from @David Young: My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? 

It wouldn't hurt to set up time to meet with agents, property managers, lenders, and others while you’re visiting your markets of interst.

Hi Willie, I think it would be best to wait until you have more capital to put down for a multi-family property. 

Some have never even seen their property first hand.  

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  

With HML at least you in theory can vet the property and keep a low LTV to ensure you can be made whole.

Most credit unions I've seen won't do a HELOC on an investment property.

I love living in CA, but if you're an investor and like to have your properties in LLCs, it kind of suck. $800 yearly tax for each LLC.