I heard it's tough here in Southern California to begin acquiring my first property and I don't have a job either.

I am so new to real estate and forums that I am even nervous posting this.I am hoping to find some guidance with a building I acquired.

I am looking to acquire another property but I am wondering what may be the best financing option to leverage the rental property?

I am a partner in a business that has a very strong monthly cash flow and I'm looking to use that cash to acquire multi unit rentals.

My rent is also ridiculously cheap for my area so I'm staying put while acquiring properties.

Hi Lindsey, did you ever acquire any investment property in Duluth?

If there are other deals out there that you're dying to get after, then do the lower down payment and acquire another asset.  

Essentially I have acquired lots of investor and professionals who are experienced and I will definitely need to leverage their business& financial acumen to make it work.

@Joseph Canini, the ideal scenario would be to acquire properties while you had steady income as it would be easier to get a mortgage.Without a "job" you will need to purchase via your cash, private loans or HML, which will cost a lot more.You could look for a JV money partner.

If you are looking at acquiring an apartment outside of California I would unfortunately be limited to 50%-60% LTV.