I buy all over DFW for large investor, and I always enjoy talking shop.

I would never advise my customer to take a 5 YPPP considering we are have been moving into a downward trending rate market since 2024. 3 Year Prepay Max but if you plan on doing renovations or taking cash out on the ARV then a 1-2 YPPP would be Max.I would also advise buying the rate down before you decide to take a 5 YPPP using seller credit, equity or closing funds.

It is just as easy to buy a bad deal as a bad syndication.

We could make a decent down payment with the 40k, but due to us having little money left over at the end of the month, I'm worried about buying another deal with minimal cash left over after the down payment and not having two mortgages.

or any experience buying homes at auction in Sac? 

When I began investing in cabins in the Smokies, I made rule that I would only buy cabins on creeks or rivers where you can catch your dinner. 

Now that house has been rented out for the past two years, and I want to buy another possible duplex or triplex to house hack.

Investment Info:Single-family residence buy & hold investment.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Investment Info:Small multi-family (2-4 units) buy & hold investment.