I have been reading and learning as much as I can via books, forums, podcast, etc but I am stuck on the one thing that is stopping me from getting started - Financing I'll be honest - I don't have the downpayment, I only have a HELOC that I could use in the range of $200k - $250k.My goal is to generate income of 2-3k/mo.What advice would you give to start ?

The most they will give me is $24k, which is not enough for the land that ranges from $40k-$95k.

I’m looking to buy my first MFR property, and the only ones I found in LA County are max 3 units with prices ranging from $400+.

Let's say that 0.5% rent to cost advantage for the cash flow (i.e. if using today I would claim 0.7% to .75% is not too hard to obtain in San Diego (in fact I am closing on one right now in that range) and suspect Midwest large city not war zone maybe can get 1.25%.  

If that's the case and you're in the $295k range, have you looked in Thorton Park/College Park areas?

He paid $47k in 2005, assessed at 89k this year, sales range in the last 4 months is 26k-89k. 

The lender says " Show me the specific deal, with a viable offer that is already in striking range of acceptance and we'll run it by the underwriter.

Hello BP members, I have a question regarding getting financing for real estate in the price range of $300k-$500kI Intend to hold the real estate in an LLC I would be the manager of the investment and take a 40% stake in the LLCI have an investor that would put up 30% of the downpayment (as well as cover CC) & bank finance the other 70% (Investor will have 40% stake in the LLC)I would have another partner with an income of $80k-100k+ annually that would have no money in the deal but that personally, guarantees the loan amount. 

It could range from a few hundred dollars as a finders fee to several thousand or even more.

Its market value is in the $50- 60K range.