Lenders might have different policies on how soon you can obtain a second loan, and it may depend on factors such as debt-to-income ratio, existing debt, and property cash flow.

I do have cash flow from my current job however, I am recently married and about to become a dad in a couple of months.

I'm going through an ADU build right now up on the Central Coast.

Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.

I don't have many details other than it's 11 acres with a future road through planned. 

You will probably be a little negative on cash flow unless you rent by the room or buy the interest rate down or both, but honestly a little negative on cash flow isn't a big deal if you still have most of your cash in the bank since you only put 5% down. 

Local wholesaler through Net Worth Realty How did you finance this deal?

Many firms nowadays service all states, and through phone, email, and zoom calls you basically have everything you need.

You can automate most things on storEDGE, from messages to delinquent customers to lock codes.You can also do your website through storEDGE, though we farm that out to another vendor that specializes in SEO.StorEDGE is likely overkill for a 36-unit facility, but if you plan to scale, I would prioritize implementing your systems now and growing into them, rather than starting with more basic software and transitioning later.

We are cash flow break-even, but we love the steady equity growth that requires nearly zero bandwidth to self-manage.