I am not sure why this would matter, and I also don't really know why it was brought up bc I wrote the deal as cash.

Hi, im new to real estate wholesaling, i just finished Mark Whitten online course.

I need to better understand my financing options before getting too far into the process.Details:Purchase Price: likely $70,000 - $75,000 (currently in online auction)Reno Costs: ~$35,000ARV: $135,000Right now I can put 20% of the purchase price down with no issues while still maintaining 6 months of PITI reserves. 

Some places online may be cheaper, also depending on the amount you are planning on getting will be able to lower price pretty much. cheapsigns.com does 100 sings for $199. 

The improvements are added to the basis of the property no matter if it is a rental or personal unit and recovered either via depreciation or via less gain later on. 

The key is inventory, a simple matter of supply and demand.

Bottom line it, no matter if it is Primary Residence, was a primary residence, or is rental, if you take out any type of HELOC or equity loan, and use the proceeds for reinvestment, you can deduct the interest on those loan at the reinvestment level, only to the extent you reinvest it. 

Just get a state-specific month to month lease agreement online (BP has them) and have them fill it out and sign it.

I bought a home at auction, everything is online.

LA around the metro stops there are a lot of developments coming online, I can see multifamily in those areas getting into the oversupply territory.Where in LA are you looking?