Quote from @Zachary Engen: Ive read a few things about onlying being able to cash out refinance 75% or the purchase +closing costs, whichever is lower.

The basics of a seller financed deal are that the title co or closing attorney (if there is one) or seller’s attorney draws up the warranty deed transfers title, the promissory note evidencing the debt related to the transaction, and either the deed of trust or mortgage (whichever is being used) perfecting the lien against the subject property.  

Clarity shows commitment and improves your chances of obtaining funding, whichever property you choose.

Which ever market you choose build a team and spend time connecting, networking.

By reminding people of what Latoya Tomlinson and myself uncovered, I'd implicitly suggest that you didn't do a proper due diligence, whichever words I used.

I think their general stance is going to be to go with whichever comparable property has the greatest degree of similarity in terms of (probably, in this order): location, age built, quality of construction/current condition, and square footage.

Then in a year move out and buy another home with the equity you have built up in the home.Great thing about buying a 2-4 unit as a Primary is you only need 3.5% to 5% down which ever on you choose either FHA or Fannie Mae.

Once you’ve got that down and want to keep growing, you can start looking at out-of-state investments if they align with your goals.Best of luck with whichever direction you decide to take!

As you're probably aware, AB 1482 caps annual rent increases at 5% + CPI or 10%, whichever is lower.

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).