My idea is to buy a 2nd primary fixer with some meat on the bones, have my family move in with me. and rent out our current primary sfh since our current mortgage is low and similar well exact homes rents for about 1k over our current mortgage.since rates are up im looking at it from a blend perspective. @2.75 current and looking at a 6.5 for 2nd sfh I feel this would be the best bet.

In terms of securing funding, one thing I've learnt is that if the deal has enough meat on the bones, finding funding won't be an issue.

However, my calculations show that the seller would have to sell the property to me at about 66% of market value to reach the target ROI (i.e. unlikely).What am I missing?

Plus Zollow publishes on Hotpads and another website that escapes me at the moment.I'm also of the mindset that at that size apartment building, I'd try one unit at a time for MTR.

Still a lot of meat on the bone for a developer paying me 15% ARV.

Purchase price is $350k, with 20% down puts me at $70k invested (before closing costs) and $280k financed for 15 years.

There is almost nothing I can read about in CA that would surprise me at this point.

There's more complexity to the ordering and such- but that's the meat and potatoes of the meal. 

I had called the previous owner and he lied to me at screening time telling me they were great. 

I inherited four tenants at my rental property in Lyons, IL, and it was the best thing that ever happened to me! At