Originally posted by @Allen Underwood:I highly recommend visiting a few local banks versus working with a chain- Especially if you are looking to leverage with non-recourse loans. 

Let me know if you need any recommendations or how I can help you build your CORE 4 with a strong realtor, contractor, property manager, and attorney. 

If anyone has gone through the process, can you give any advice as to whether you recommend the strategy or if it is not worth it?

@Jonathan SotoStrongly recommend against this unless you can afford the assumption of losing the investmentBut here is where most go wrong.

It was a great experience…high quality renter, no maintenance on our part, and she paid it off a year earlier than anticipated.It was too long a term, though, and did not account for appreciation, especially during 2022-2023.We have heard a few podcasts on the rent to own strategy, and are very interested.

Many groups show proformas down to NOI, talk at high levels of loan terms, and then show projected distribution rates.  

At this point, a house hack might not be the best option for me because the housing costs in California are too high.

High-quality finishes and construction can increase the ROI. 

I highly suggest attending as many local real estate meetups as you can. 

@Zachary WurtzMy recommendation would be to contact geraci or doss law and work with them to create the docs you need and after explaining to them they can tell you what is best to use in the state you are operating in