Otherwise, I will need to start save, save, saving (which I am doing regardless, of course!).

you can try but those list are usually not very fruitful.private lenders are those known to you.. anyone who advertises on that list is a HML  that's the definition.and of course in Oregon for a loan on a 1 to 4 unit the lender must be state and NMLS licensed to hold them selves out as a lender.. you can have 3 loans in one year without a license but no advertising at all.these are folks you meet at your reias..

Here are the number for that:List Price: 59,000Market Value: ~$61,000Repairs/make ready: $10,0003 bed/1 bathTaxes: ~$38/monthDown Payment at 20% (no creative financing): 11,980Mortgage at 5.5% interest: $272/monthReplacement reserve: $75/monthCap X: $75/monthUtilities: 0 (paid by tenant)Property management: 9% of rent plus 1 month rent for tenant placementEstimated rent: $950/monthMonthly Income after expenses: $169/monthCash on Cash Return: 9.2%This would fit my investment criteria in terms of what I'm looking for, but as I mentioned above, I don't have the money for a down payment or the repairs right now.

Notice I have never tried to correct you on our inherent problem. yup one of my homes that's was the case poorly built.. and in Texas were no licenses were or are required.. this happens.. and guess what those are usually the distressed homes.. this market for fix and flip in my mind is for the local pro's I got my butt kicked and will never go back.. and then when your fooling with these homes.. the tax's pile up on you.. and then of course when your just about done you get hammered by a hail storm and have to go through roof replacement..  

@Nestor RoseroOf course you're willing to take it on, of course you can't pass it up, of course you've given yourself a max budget...You're not ready for this.

Of course, these VAs aren't licensed agents so the extent to their conversations is pretty much a survey to identify their motivation, where I (or ISA) would reach out to start the conversation.

With a HELOC on my SFH and savings from my current job, I could potentially put 25k - 30k into a complex over the course of 12 months.

I would call your local planning and zoning office and ask about this to make sure the property is properly zoned and fits the initial criteria for multifamily.

Don’t be caught in the trap of endlessly buying books and courses without putting your knowledge into action resulting in profiting from real estate.#3 Look at Numerous PropertiesWhen you start investing in real estate, you don’t have experience finding, buying, rehabbing, and flipping or leasing properties to tenants.

Is more years better though, assuming they're interested in having it leased for 2 years or more and they qualify all requirements of course.9.