To add to the great suggestions, if you're finding the L.A. market souring and you have any equity in those investments you've already established, it may be in your best interest to liquidate at some point to move your capital to a more profitable location or another type of investment.

You wanna stay liquid as much as possible.  

I have $20k liquid, a 740 credit score, and I’m ready to get my feet wet.

.: @Michael S.yep that's how I've thought about it so far tooindividual properties: high control, lower liquidity. 

Minimum distributions from any IRA are hard to do with non-liquid assets like a real estate investment held in a self-directed IRA.

@Luka Milicevic They can liquidate the cards for you (for a fee of course) so you can make purchases with cash.

After selling one of the lots for $55k, enough liquidity was freed up to partner with Fund-That-Flip (now, Upright) to finance this project.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Lumber Liquidators has good stuff for under a $1/SF and I install it myself, which is easy.

Again, competitive rates (much more so than HM or HELOC) and still have your money working in two places at once.We recommend #1 since we try to leave banks out of scenarios if they aren't absolutely needed but it is possible.Just some thoughts if you decide to liquidate a couple properties and happen upon some cash.Reach out if you have any questions.Best wishes!