@Douglas J AndrewsHi Douglas, if you are intent on this property your best bet is to get it under contract with contingencies.A key element in making your purchase offer is doing a critical path analysis to determine the steps, time, players and capital needed to pull the deal off.To save yourself time and aggravation, make your first pass offer the the form of a term sheet.

Thank you in advance.With what you described, your best bet might be to cite AB-5 and make them W2/salary you.https://en.wikipedia.org/wiki/California_Assembly_Bill_5_(2019)You will find a world of possibilities open up as soon as that is done.

@Mark your best bet would be to talk to a lender like Chris Griffith at Debtdoesdeals.com who is a veteran and specializes on the VA loan.

Financials:Listing price: $500,000Annual Rent: $50,400Property tax: $8,401Insurance: $1,000CapEx (6%): $3,024Property Management: $3,528NOI: $34,447Cap Rate: 6.88%With 20% down payment, the cash flow would be about $667/month, or a ROI of 8.0% annually.This particular property has many upgrades, tenant occupied, in a safe neighborhood and a 10-minute walk to Rutgers College Ave campus.

I bet they'd be willing to share.

Real estate clubs are your best bet. 

All HML's are not created equal.Some of the nationwide lenders do a good job, but may hedge on the overall value to keep themselves in a safe position.Local private lenders, may be a great source just starting out if the properties are local because they are familiar with the local market and they can act quickly based on the deal. 

It might be a bit lower after your reno, but over time it all equals out.I bet you can find a better rate.

@Moses Lin your best bet is to speak with the lender(s) specifically, but in most circumstances, you will need landlord experience in order to count the income towards your purchasing power.

If you decide to look in the south phoenix area anywhere from 24 st to central ave on baseline or southern are pretty good bets as far as upcoming areas.