Through my experience in the architecture/engineering/construction industry I know the process of building from inception to design to permitting to construction to occupancy.

So now I apparently have to get architectural and engineer plans and for this project which is a huge expense I wasn’t anticipating.

Hi Paul, I am a project manager in commercial architecture and am a newbie multifamily investor in Los Angeles as well.

Quote from @Harry Cuper: Hello everyone, I’m actively working on acquiring strong real estate investment opportunities and currently building partnerships with investors and private lenders who are looking for solid cash-flowing deals. 

Cities with strong, sustained population growth are more likely to meet this requirement.Lifelong Income Stability: Your income must last a lifetime.

That’s the key to doing your first deal right.Let’s walk through each of your options and how they align with your goal of a long-term rental (LTR) out-of-state:Option 1: HELOC — Great for FlexibilityThis sounds like a strong offer for a few reasons:6.5% fixed intro rate = solid hedge early onNo upfront or hidden feesInterest-only structure lets you control cash flow until rent kicks inYou don’t tie up your cash — gives you room for capex or reservesStrategic Tip: Use the HELOC as your down payment source, then finance the rest with a conventional or DSCR loan.

I’m an architectural designer based here in Jax and currently working on getting my flip going.

I was having trouble finding a good deal until my realtor suggested we look for properties where Section 8 is strong.

It’s not without its challenges, but if your focus is cash flow and you’re working with mostly cash, there’s still opportunity — especially in C+ areas where returns are strong and tenant demand is steady.

I have a realtor and have a strong addiction to MLS listings, but I keep reading about finding great deals off-market and I've been learning more about "creative" real estate.