Also people that can't live in east palo alto/livermore they move to central valley, that itself is also causing price to rise. yes simply cross the bridge from Singapore to Malaysia and you will encounter the same situation.

I look at each deal for the win/win test, as I am not out to loan money for a lousy deal and put the investor under a financial burden.

Loan rates on the ReFi have prohibited us from building a bunch more 3-4 unit properties recently, just kills the CF of the deal, but going all-cash on the purchase & construction still pencils. 

Most will have a hard set no if there is any indication of un permitted work since it is a long term loan.

We could take a loan out on the $675k versus doing all cash. 

But for vanilla every day deals we look at short.. now this is deciding if we are going to loan on it or not..

I would not be doing a condo because I would use a DSCR loan.   

Does such a thing like this exist, or should we go the SBA cash flow loan route?

Apparently our DTI is too high for the HELOC so we can do a cash out refi but that is less desirable because it means we cannot then get the loan for the rental property despite having 25% down.

All 3 of us need to be on the mortgage with a conventional loan?