@Vi TranTo grow real estate investments, evaluate your financial position, set investment goals, educate yourself, develop a solid business plan, finance your next investment, search for properties, analyze potential deals, consider property management, and execute and scale.

I'm currently house hacking a property in Raeford and plan on renting it out.

Even a rent to own type set up, again with the customers property as collateral as well. 

That will help you Figure out how big a loan you’ll have to get unless you plan to add cash.

I am in need of one as well.

They'd like to keep it, but can't, they have other debts, so much going on, but now they have a plan.  

One strategy that has worked well here on the coast is mixed usage plexes or combo of LTR, MTR, STR. 

I have done multiple fix & flip projects as well.

You could take that same $70K plus what you planned for that $680K down payment and buy 3 investment rentals in states like FL, TN, IN, OH, GA, LA, even up on the Oregon Coast just above you in CA.Most of my customers live in CA and none of them invest in Cali instead they buy in the states I listed above.

As I am planning to get an SBA loan, I assume the down payment would mostly need to be somewhere between 15-25%.