Moonridge is one of the better performing area in Big Bear.

For new construction, we have seen single-family homes perform very well in this market from a cash flow and appreciation perspective. 

I’d say the best thing to do would be to perform a cost benefit analysis (CBA).

With 5+ units, while they of course review your personal ability, they put more emphasis on the cash flow of the property itself and how its ability to perform is of high importance to them.Always keep in mind the following: 1) market cycle; 2) debt; 3) exit strategy (h/t Bill Ham).As you’re already seeing with deal flow, we’re towards the top of the market cycle with valuation.

You also need to know your local market and then you need to know how to properly and legally structure and perform the transaction.

Otherwise, I know some really solid DSCR lenders here in Colorado that have pretty nice rates currently. and since you have a track record of how the property performs you should have an easy time getting a loan on it. 

The home is to be in the same general condition as when the home inspection was performed. 

To perform a lot split on an existing lot with an already built home, the new bill allows requirements from individual municipalities to set minimum lot SF and layouts, there are utility easement issues, and most existing homeowners will not want to split their SF lot on their primary residence.

Even though our ex home has appreciated ~$2k/month over its 28 year hold and it now has a rent to purchase ratio of >1.5%, it is my worse performing property.  

Designing logos, answering customer complaints for agents you're responsible for as a broker, accounting, training, licensing, RECRUITING....I can't believe the amount of turnover, so probably 80% of your time should be/will be recruiting new agents for your brokerage....and then you have to figure out how to take care of the other million tasks in your 10-20% of the time which is important.