My business partner is currently under contract on a property using a loan from a portfolio lender.

@Courtney BrownIf you have access to a VA loan get started with an owner-occupant using a VA loan first.

I will currently self manage as using a company would conflict with our loan agreement. 

BP,I have an off market deal in the pipeline but the seller has had an agent contact me saying she will submit an offer with a purchase and sale agreement. Giving this contract is assignable, What else should I deem n...

Total cost to sell all 5 lots could be as low as $2,750 instead of paying $57,000 using a traditional agent.Feel free to reach out if you have questions.

@Matthew ElkinIf you are using a low money-down loan, like FHA nothing is going to cash flow on the west coast with you in it.

I would suggest using a site like citydata to figure out which areas meet your desired investment criteria. 

Also be aware of strict screening limits and enforced process for screening (first in time) and that its likely we will lose even more rights around screening - our local city councilperson who has been pushing for (and getting) all these regulations has now decided that FICO score is 'inequitable'   (using a different word than they did) and they are pushing to ban that from screening. 

Using a % works for quick analysis but I would just analysis the property vs messing around with lease, capx, and holding cost scenarios.Thanks for asking the question!

My COC and ROI aren't terrible on this property we're using as a reference.