A recent online survey of 2,325 California residents, taken between Nov. 4 and Nov. 23 by the Public Policy Institute of California, found 26% of residents have seriously considered moving out of state and that 58% say that the American Dream is harder to achieve in California than elsewhere in the United States.I'm willing to work hard to make RE investment pay off over time, but I do wonder if I'd be better starting with out-of-state, where it might be easier. 

The stress test was also another factor making it harder for the bank to lend.Rather than locking away all that equity in the DP on a buy and hold, I am now interested in trying the BRRRR method; however, I am worried that during the refi the ARV will make it unsustainable to the bank if I cannot achieve the high rents they require to make the mortgage work under the stress test.I know there are lenders out there that would be easier to work with on a BRRRR, but the Big 5 bank rates are very attractive right now.Also, are there lenders out there that would finance the initial purchase and then allow for a refinance say, 6-months later after the renovation and tenants are in place? 

How did you achieve that?

Think of what he could have achieved with the property if he had been the real deal. 

The HOA is in good health, no pending litigation, and the unit itself will require $3K or less in repairs to achieve the estimated rent. 

Even if that costs $10k and you sell for $15k more than as is, that $5k profit could be a big headache to achieve.  

What are you trying to achieve?

May all your goals be reached and achieved. 

I’ve read all these books and many stories here on BP about people starting with nothing and achieving that level so I know it’s possible.

@Stephan Kraus I know the feeling, it’s hard to find reliable help around but I can achieve it, it’s still an uphill battle keeping guys working but, I have a good team of guys that have been there for me for years and I handle a lot of the work myself, I have crews for other stuff.