Currently thinking that I will be looking at properties in St.

One deal is just the start, with 1 or 2 properties there will be more highs and lows, but once you acquire a handful or more then things even out.

Then we’d move back into our current home, finish the reno, and rent after 12 months.Thanks!

My current loan is for $45k on a property they picked up for $215k. 

Hey, there, I'm currently getting approved for a single family loan to convert a large square footage Single family Into a 4 unit, then 5 units apartment building.cash out refi later and put that cash into a bigger building deal. also say a hud multifamily loan requires 10% down and 10% in the bank ( of purchase price )  but do i have to do this?

In the past, it was a pretty low risk especially if you manage the property correctly, take certain precautions and even certain property types.  

I figure I'll get mayhe 250k from the refi based on 5plex noi and comparables.I'd like to take a loan for the other 350k for example to meet the 10% down payment on a low income building hud loan.Is there an easier way to get into A higher unit commercial building?

I currently live in San Diego, so I am interested in my local market also, but I am newer here, so I'm still learning the market. 

I can bring occupancy to 90% and reduce expenses 30% less what they currently pay.Luis

My advice is to try to increase your current income, focus on saving, and build your credit.