Together we can all achieve greatness!

$700/month.To the op’s question:Pros: appreciation, long term rent growth (would equate to great cash flow but savvy investors refi before achieving the great cash flow), mostly good tenants (near lowest delinquency rate and eviction rate in country), prop 13, high value of value adds.Cons: high entry point, poor initial cash flow, near socialistic rental mandates (including the most excessive covid eviction moratorium in the country. 

Usually I will choose materials by just sorting home depot for the most popular items, but I have terrible style so they don't always come together. 

Really think about what you are trying to achieve.

Although 3.5% down can be a challenge for some, it hopefully won't take years to achieve.

I recently came across the Fannie mae home style loan, which I understand is a conventional renovation mortgage.

Traditionally I have achieved infinite return on BRRRR, but they are work and take time. 

There are some Non-QM style "HELOC'S" that have more lenient debt to income ratio's with higher CLTV limits.

I have started to budget for a down payment but at this rate, I would not be able to achieve that first property for 2-3 years and due to personal reasons, I need to get started ASAP. 

Cross all my T's dot all my i,s. the style of the auction is what really though me off.