The Deferred Sales Trust can be set up once and you can have multiple exits into it.

At $2000/mo net living cost after the other units cover most of your PITI, you're essentially renting for the same price BUT building equity and locking in your housing costs long-term.A few things to stress-test before pulling the trigger though:Your $5800/mo payment estimate looks right, but make sure you're factoring in a realistic maintenance and cap-ex reserve.

In Hayward, Union City, and Newark, values can swing significantly block by block, so verifying your ARV with super tight comps (same bed/bath, similar sqft, within 6 months, same zip or immediate area) is critical before committing.A few things I'd suggest given your numbers:First, stress test that $900k ARV hard.

Your commitment toward maintaining effective communication inside loans, partnerships, etc is what will set you apart - DRASTICALLY.I'll be honest, challenges we endure in life aren't to test us.

Apps like Quizlet can be a handy tool for this.Practice Exams: Take as many practice tests as you can.

What assumptions are you stress-testing the hardest right now?

This is a very workable approach, and you’re thinking about it the right way.I’ve helped clients (and personally structured) deals where home equity from a high-cost market like CA was used as the acquisition capital for Midwest LTRs, then stabilized with long-term financing once the rental is in place.A few practical points from experience:HELOCs work best as a bridge — speed + flexibility — but you want a clear take-out plan (DSCR or conventional) once the property is rented.For small multifamily, make sure you’re stress-testing rates + HELOC draw cost, since carrying both temporarily is common.Lenders vary a lot on HELOC terms (CLTV limits, draw period, variable rate caps), so structure matters more than the headline rate.Indy can work for LTRs, but I’d focus heavily on submarket selection and property management — that will matter more than the city itself.Happy to share what’s worked (and what to watch out for) if helpful.

In contrast, the transactions that continue to perform are usually underwritten with defensible ARVs, realistic absorption assumptions, and margin for error.From our vantage point, a few things have become increasingly important:Averaging comps rather than anchoring to the highest saleGiving more weight to most recent closings over peak pricingStress-testing ARV against slightly longer hold times and softer exitsLeaving room for execution risk—because something almost always pops upOptimistic ARVs may help a deal look good on paper, but conservative ARVs are what keep projects financeable and profitable when conditions change mid-project.We’re not advocating for pessimism—just discipline.

I am posting this here because BiggerPockets is one of the few places where real investors will actually stress-test a strategy and give honest feedback instead of just nodding along.

The properties are then priced at a multiple of the 2024 rents.