I'm in the SF Bay area as well looking at Tahoe (and a few other places including out of State), just staring but looking at a mix of LTR and STR investments within the next 1 yr.  

COC is still in the 7%+ range with leverage and expenses include (mortgage, taxes, insurance, closing costs). 

Properties included below: 5 unit commercial building (already rezoned for mixed-use residential) Currently gutted and ready for remodel Will be constructed for one bedroom apartments$850/each totaling $4250/month Quotes for remodel are $240k 8-unit mobile home park directly behind the 5 unit building Complete tear down and overhaul - 2 units removed and 6 left for tear down Current plan is to bring in (5) 3x2's, (2) 2x1's and (1) 1x1 Total income after completion are $9350/month Current quotes for overhaul and new units are $268k 1 SFR Has completely renovated interior Last appraisal $110k Rents for $1200/month Total projected rev: $14,800/monthAlso have a 0.87 acre vacant lot ready for development (or sale to neighboring facility for parking) Current lenders don't love the mobile home park until it's done for refi and numbers alone on the 5 unit aren't as appealing without the rest of properties if kept under one umbrella.....Any feedback appreciated!

The numbers leave a clear margin, and I’ve already broken them down line by line including fees, interest, and commissions.I take your point about sponsor experience — my focus is on running the project efficiently, hitting the 2–3 month timeline, and being fully transparent with investors.

That might even include forms of Real estate to avoid capital gains. 

I'd love to hear your thoughts on funding it out of pocket versus pursuing financing, including the types of financing options available for a fourplex.

As the note is currently structured, is the property (including all expenses including straight line depreciation) cash flow positive?  

Hi Patryk,Transferring funds from an existing 401k into an IRA (including an SDIRA) is generally referred to as a "rollover".

The home was in solid condition and required only minimal repairs, including replacing a small section of flooring, removing trash, and improving curb appeal.

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