I want to get him to understand if our monthly payment is too high, we don't have the extra cash lying around to fix up the other unit and get it to market rents.

Had a tenant sign the lease and send the move-in fee and 1st month's rent then start asking a bunch of super high-maintenance questions.

I'm highly interested in learning about Wholesaling, Rebuilding and Renting.

The lot I'm interested is in town, has access water & sewer available, from all perspectives what are things that are different than buying a traditional pre-built home.

The cure to these high interest rates is high cap rates, or higher down.

As for house-hacking an existing quad, only putting 5% down in this high interest rate environment will almost certainly mean you won't be "living for free" as is the point of house hacking.

"The bidding starts at <60% FMV>"4) After you get some bids on Sunday and the open house is over, you start going through the bidder list and calling everyone bu the highest bidder offering them to outbid the highest bidder.5) You repeat step #4 until you bid up the price as high as you can.6) Meet with highest bidder and take a non-refundable deposit (specify this as a "condition" of the bid auction). 7) Close.The idea here is if the highest bidder flakes out, you still have a list of other bidders, everyone just $500 or so lower than the highest bidder.

I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.   

All Cash Flow Vehicles High Dividend StocksStock OptionsMortgage NotesReal Estate Debt InvestingLong Term RentalMid Term RentalHigh Yield Savings AccountI had the same amount after I sold off most of my rental properties and paid everything off, now I do all the above. 

This isn't my specialty but just my high level understanding.