In general, you will want 25% of the purchase price to buy the property, but you should also maintain a reserve to deal with unforeseen expenses like vacancies, maintenance, etc.Before you even begin, I think you should focus on a little education.1.

I would think there’s a way to get that information in CA, but you’d need to ask local experts.

I think weird and move on.

Sounds to good to be true but I think the new 5% conventional route is solid! 

I hope your flip goes well :-) I was originally thinking Santa Fe as I have a friend who lives there who is a pretty handy dude and I think could be a great partner in a BRRRR style deal.

I hope this helps you think through the options

And it can mean some huge adjustments in the case of those who interpreted incorrectly.You claim what is true and accurate, not what you think will avoid audit.

Think about what your biggest concerns are in the transaction and find providers to address those.

Hey @Mario Cuartas glad you and your family are thinking creatively, that is definitely what it takes in this market to be successful.Unfortunately from my knowledge, this idea is much, much more difficult than you anticipate.

I think it's about $2500 now to connect here, on Lake Norman. ( Considering how high the property taxes are you'd think the connection fee would be more reasonable. )