Many offer monthly cash flow through a preferred return for more than you will net on your current house. 

I would probably prefer a HELOC if that's an option because you can pull the money out to buy another property, utilize the BRRR strategy and then refi to pay off the HELOC.

My question is: How do I go about finding a realtor with the intent to "house hack" a multifamily property (preferably a triplex).

What are they expecting for preferred return and syndications structure, hold times, split of cash flow, back end promote split, sponsor fee going in, etc.?

It kind of begs the question - why would you want to stick with only local investments when ETFs bring you the diversification of investing across the entire US (or other countries if you prefer)? 

Third and least preferred method was attempt to contact the worn down triplex across the street.

It may impact their basis for the preferred return.

This requires him to keep track of hours and expenses but would ensure he's paid more for properties that take more work and paid less for properties that are easy.The first option is my preference because it requires less effort on everyone's part.

I've got about $200K cash, no preference in house type, it's just the numbers and the hold duration that count.ThanksDave

Hello everyone I am looking to connect with real estate agents/anyone of help, preferably in the east bay(Oakland/Vallejo/Berkeley), But open to areas around the bay (hayward/fremont/San Jose) looking to fix and flip.