He wants to purchase a single family in LA county that meets criteria in regards to zoning and size in order to to build 4 homes/units.

Every house I’ve ever bought from a drug addict or who had a family member that was an addict was trouble.

We manage 100 rentals, mostly STR.Two options to consider. 1) With that low interest rate, it opens up possibilities to net a larger sales price with creative finance strategies like “Wrap” or “Subto.”2) You could sell and reinvest that $200k net into something that yields a stronger rental return, while enjoying the same appreciation over the next 10-20 years for the family legacy.

This might entail buying a single-family home with rental potential and living in one area while renting out the other units, or it could entail buying a multifamily property and living in one apartment while renting out the others.Financing Options: Look into traditional mortgages, FHA loans (for home hacking), and other inventive financing techniques.

Can I see the payment history? 

Investment Info:Single-family residence fix & flip investment.

He's very detailed and has done well for himself and his family, so I respect his decision and his general expertise. - The selling price is not over-inflated.

Investment Info:Single-family residence fix & flip investment.

Plus I manage my Single families myself.

I currently have a full-time career as a senior engineer in the aerospace industry, but I’ve always been interested in real estate, and I view REI as a way to supplement my future retirement.I’m interested in initially doing fix and flips to build up capital for buy and hold investments in multi-family properties, and I have about $200K in home equity that I can leverage to get started.