Together with my personal funds I can pull around $600K of equity for the first deal.The thing is, I was never involved in the entire closing process on a property, from A-Z, myself.

I am in escrow on my first out-of-state rental property in northern Texas and the next step in the process is to get landlord insurance.

While reading your post I was thinking "sell the Cali properties", but with 3-4% interest rates (and I'm assuming those are long term fixed rates) you will be best off to cash out refi (non-tax event) and use those funds to buy multifamily.

These were not our top 2 priorities but we're in the process of doing our due diligence and knowing all of the major and minor things people think we should look at will help us make sure we don't miss anything. 

I still get phone calls and letters regularly for properties I sold more than a decade ago.I always offer to sell them again, but am straight-forward that I no longer own the property.

There's nothing wrong with fixing something that is broken, but you shouldn't be making improvements to things that are clean, safe, and functional and that were fully observed by the tenant during the showing process.

Looking at 3 Options1) Sell Land2) JV3) Build the storage and hire an experienced operator 

The goal is to buy a whole note at a high discounted yield, then recapitalize by selling the whole note or a partial at a lower yield or borrowing against the note at a lower yield. 

Work with a good professional to open up your search process and help you narrow in on a home. 

I'm curious to hear from the experienced folks - finding the right property at below-market value for BRRRR seems very exhaustive, wouldn't they be more motivated to sell a property at market value for less work and more profit?