Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low. 

The parcel is on a power line that a recent solar installation and future solar installations are planned for.Thank you

I have peers that went in to a real estate career and I have built a much larger investment portfolio despite not working in real estate because my earning power is significantly higher.

I live in California and like many California Investors prices are just too high in the area I live.

I was able to set and get the rent high enough at the AZ home to cover both the orginal mortgage and the equity loan.  

(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

I understand the inventory pricing is a bit high

With high interest rate we know some CRE/banks would get hit. 

High Transaction Limits: Real estate transactions often involve large sums of money.

If you did find a lender you should expect a 13-15% rate, and honestly that's probably not high enough.