I really need the "guy with a truck" using a DBA, but since I am  looking to transition out of self managing and there was a possibility to develop a relationship, I sought bids from PMs.I used to belong to a REIA and for a few years got a lot of value, but management changed it got to very expensive and it seems most of the other investors went away, and was to the point where everyone in the room as trying to sell something (except me).  

My income is $140k gross (software engineer), my wife currently stays at home with our child, but could go bring in $30k-$40k if needed.My question is if we put the $150k down (with $100k via a HELOC), rent out the back, and do some airbnb ($100-$150 in the area) with the extra rooms in the main house.   

Exception:  you are an employee of the owner (typically builder/developer) and showing only their properties.That being said, I know of lots of people that are doing just what you propose, and are doing so knowingly or unknowingly breaking the DORE laws, at lest for NY and PA. 

@Joshua Marriott -  What we found is that any company or software that is selling lists tend to be outdated. 

A creative option may be buy the 4plex first and develop a relationship and purchase the other parcel later once every goes well, but then I would need to refi with traditional loan to have all 6 under 1 loan at the 5/10 year option.

I used to work for a developer who, in 2008-9, couldn't refi a NNN property where the shortest lease had like 2 years left.

Lately ive been wanting to learn more about developing and building residential and multifamily properties.

For example there is some cool development going on in the south part of that zip code, but other areas are rough.Let me know if I can be of any other help.  

Hello,Has anyone attended one of these free "Learn How To Build Your Real Estate Investing Business" seminars conducted by Ocean City Development? 

I'm a seasoned investor/developer from Los Angeles..