All this to say, I'm not completely novice but definitely not an expert and I've never done a massive renovation.Recently we purchased a parcel (I'll call it land A) to build a SFH but after a lot of unfortunate incidents we pulled the plug and still carried the debt.

In 2020 we did a cash out refinance on the first 2 properties we purchased and pulled out over $250k between those units ....we used the $250k to purchase a triplex in La Mesa Village in the first half of 2021 (we are currently adding an ADU to make it 4 units).

To help you in your search: be sure to find an accountant that is willing to grow with you, and is not too high priced fee wise.

You'll pay a small fee. 

That is how I started almost 30 years ago, but you have to deal with HOA fees. 

It will likely be the application form, plus a fee, and maybe some auxiliary information. 

You do all the work and get some equity ( or 100% whatever you negotiate) in exchange.You could look for seller financed deals and negotiate to get in for less than the banks requirement of 20=25% down with a bunch of closing fees. 

Hey Guys,I have a question, I own a property cash and I am looking to cash out refi, The property appraised at 205K and I am cashing out 100K , my closing costs are considerably high, 5.5K compared to closing costs I have endured when purchasing my home. more details from closing disclosure:I am getting 6.75 % mortgage rate (not locked), Origination fee is $3758 ( 2.5% loan points - $2684, processing fee $699 and underwriting fee-: $375), Escrow payment at closing : $1076, Services can not shop for: $1180 and services you can shop for: $1062I think I am paying too much on origination fee also I think closing cost should be 1-2% of the loan.  

Keep in mind, the mentors and gurus have to successfully navigate their students through a transaction to justify their fees and from my observation most of these mentors push deals in zero barrier of entry markets because it's easy to show results. 

That said, Avondale proper is seeing a lot of redevelopment around the hospitals and the newer developments are pulling rents that nobody would have imagined five years ago.But my pick for the neighborhood nobody is talking about:  Camp Washington!