Your specific situation is interesting and allows you some options that most buyers don't have and that is: you have a large down payment, it will be your primary residence, and your timing seems to be flexible.

He mentioned he has done this strategy a lot in the past with multiple investor but as of late he has had to let them know a new rule has passed that no longer allows us to add rehab costs to the escrow closing statement.Has anyone else heard this?

In addition to communication, regularly scheduled property inspections can play a crucial role in identifying any potential issues early on, allowing for prompt resolution and ensuring that both landlords and tenants are fulfilling their respective responsibilities.

*SB 6 - allows residential development on property zoned for retail and office space without requiring a rezoning, and allows project applicants to utilize the Housing Accountability Act (HAA) to limit local discretion to deny or condition approval.Case Study: From Retail Site to High Density Housing1961 Carpenter Rd, Oakley, CA 94561One of our IN CONTRACT properties has undergone a remarkable shift from retail to residential, showcasing our ability to unlock hidden potentials and create valuable opportunities.

All in all, property was allowed to slip dramatically. 

The profit that was made is not being moved.Hi Jose, you can take out equity or other money available from your investment property with a HELOC.Home equity loans, home equity lines of credit (HELOCs), and refinancing all allow you to access your equity without needing to pay taxes.

I used the Zillow portal for applicants because it allowed me to see their background checks and for them to provide their financials.

Rocket mortgage allows me to pull a HELOC up to the full appraised value of mine.

With some diligent saving and strategic investments, $10k can be enough to get started.I would suggest looking into wholesaling or house hacking opportunities in your local market (I house-hacked a 4 unit property with an FHA mortgage as my first deal), as those allow you to build experience without large upfront capital.

By engaging in a dialogue, you can gain valuable insights into the reasons behind the rising costs, allowing for a better understanding of the situation.