I live in the North Bay (Santa Rosa), similar situation, would also like to know about Residential Multis in East Texas (Austin/San Antonio/Dallas).

It sounds like you know exactly where you want to get to so I would stress one night just sitting down with a legal pad and at the bottom writing down where you want to be and then work from there and that is your plan.

Hey @Ellen O'Neill I am 22 and am in a similar situation.

50% LTV is out there for foreigners but one thing you should consider in your situation is finding a seller who will be motivated to carry back a loan in 2nd position. 

Without knowing your personal situation, my advice is to spend every waking hour working.

Hi All,Looked through the forums and didn't see any thread on this so I figured this would be of help to others as well in this situation!

IRA is a retirement account, it is tax-deferred vehicle and regardless of what investment you buy in your IRA - it will not affect your personal tax situation. 

Not to mention the stress of owning one of these types of properties puts on a investor/landlord.Conversely an investor buys a 150k to 200k newer product in a great area.

I think is very smart that you are questioning and aren't going to force the situation, simply to invest, and risk getting yourself into a bad situation if we end up having a bad downturn.

In an ideal situation, a BRRRR should yield infinite return because you would have none of your original invested cash in the property.