Investment Info:Small multi-family (2-4 units) other investment in Los Angeles.

They can only be one unit homes, can't be in a time share, and a few other little details.Now, the benefit to using Fannie/Freddie money to purchase a "Second Home" is that the downpayment is lower and the rate is lower. 

One property is a 1BR/1BA 450 sq ft unit with one tenant, and another is a 4BR/2BA 1450 sq ft unit with 4 tenants.

Reputable full service property managers will also get your place “airbnb” ready furnishing/designing the unit to make it ready for guests.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Obviously with house hacking you may not move for a few years though unless you're adding units.

Keeps just anybody from showing up and wanting to see the unit. 

I offer a 5 day funding, instant decision HELOC up to 80% on your primary and 70% on investment (not in LLC) 1 & 2 unit properties.

Another consideration is that if we have a major storm event, it is usually much harder to get a single family home back up & running than a condo unit due to differences in construction and difficulty in getting a contractor to focus on your home vs a larger condo association who can attract contractors that regularly provide services for the association or can attract contractors due to the scope of the project. 

Purchase price: $375,000 Cash invested: $14,000 3 Unit (Triplex) that we are working on developing into a 6 unit Commercial Mixed Use.