This approach supports future growth while managing risks effectively.This post does not create a CPA-Client relationship.

It’s taking Seller a while to provide the HVAC report but while time passes after due diligence - Flooring cost is way too expensive at the price point they’re asking for 130K + Care of property never took place till decided to sell so I’m not comfortable any longer - Home sits on corner lot on a slight hill with crawl space - Lots of weather changes has caused the home to settle + improper supports needed. 

If he has the income to support a $550k mortgage, and a healthy cash reserve fund, he should invest the money.

As was noted, you don’t have enough equity in #3 to tap, so it’s just a financial self-supporting carry.

I can't comment just yet because I'm not completely up and running but they have had the best support out of anything I've tried before.

Just make sure the rental market can support the property’s expenses and have a plan for property management if you’re still in California.

@William VreelandKnoxville Pros: With family nearby in Nashville, you may have a solid support system in Tennessee, which could make managing properties easier, especially if you're new to the market.

Celebrate small wins, learn from each experience, and lean on your network for support.

Conduct thorough market research to support this flexible approach.

Ultimately, your ability to get a multifamily loan is going to hinge on the property's ability to support its own loan.