Hi Mark, I’ve been approved for an LOC through them, but had to withdraw from the purchase of the property.

Find properties to purchase at the right price....not saying that is easy, but that is the answer. 

I know this post is a few months old, but did you go through with the purchase?

Purchase price: $116,000 Cash invested: $25,000 Personal home that will become a rental once fixed and updated or will be used for HELOC to purchase other properties on/off market at that time.

I can sell for $100,000 more than what I paid.The city I would like to purchase rental property in is more expensive than where I currently live.

I'm worried I won't be able to take out a loan amount that's big enough to purchase another home in LA/OC if I already have a 700k loan...I know that the home prices in LA/OC are outrageous, but I've heard numerous times that I should invest in areas where I live close by.

I just got wind of a 4 unit property that hasn't hit the market yet. I don't have the cash required, so I'd have to finance. I'm looking at what options I have to pull equity out of other rental properties I have.
Do...

BREIT by blackstone is private, not publicly traded, and is only sold by blackstone chosen financial advisors, it has 4 different class shares and most have huge load fees (1.5-3.5%) and yearly AUM fees (1.25%), and if you sell <12 months from any share purchase they charge you an exit fee of 2% of NAV price , so be careful with that oneI've invested in many syndications for passivity/market beating returns/tax benefits currency debasement running at 15% a year since GFC(2008), (ie M2 money supply growth) so you have to get >15% just to tread water in USA now

I am looking to potentially purchase a condo/single family home to live in and refi down line in the Miami area.

I've learned that the best way to do it is to start off with a purchase that you yourself will live in.