I would love any advice or suggestions you have about building a hostel since you have done this already.

Any suggestions on how to get the old 40k IRA available to use as a down payment into real estate?

I see a lot of people recommending the TREC 1-4 but I see others opposed to using it and instead suggesting something simpler.Can anyone recommend an attorney who I can consult on contract usage?

My question for you is, is it a wise decision to take a mortgage loan on those two condos so that I can purchase a new investment property (in addition to single family house which is an obligation) using DP approach?  

Market supply remains healthy, hovering around 1.5 months of supply if no additional inventory was added.

Even after finding a qualifying building, if you can use the new 5% down program you may find less resistance to your offers since sellers often don't want to deal with the additional inspection.

@Gino BarbaroI love your approach as I have a similar approach.Go big or go home isn’t always the right approach.As you note, in a market where one has a strong existing footprint, it’s easy to pick up additional smaller assets.That’s what we do in Greenville SC.It’s our only market and we own buildings that range in size from a triplex to 181 units - doesn’t matter to us.

Leveraging that asset to finance another deal is smart play, and the townhouse you're eyeing seems like it could be a great addition to your portfolio.When it comes to budgeting for renovations, it's definitely a challenge to nail down accurate estimates, especially when resources might feel a bit outdated or not region-specific.

• Short term rental of one's own primary residence only• Not able to rent a room or primary residence for more than 120 days a year, or apply for extended home-sharing• Extended home-sharing would be granted if additional criteria are met (see above)• Possession of a Transient Occupancy (Tax) Registration Certificate from Office of Finance• Not located in a unit subject to the Rent Stabilization Ordinance (RSO)• Approval from landlord (if a tenant)• Home-Sharing takes place in area approved for residential useHere is the document - https://planning.lacity.org/or...I would give them a call and see what they say.

Any suggestions on what platform might be best?