Through this platform you have an excellent opportunity to network and keep learning.

Impossible No one is going to lend that cheap based on today's market 

Yes I'm fully aware of the lead based paint addendum and its use as I mentioned in my post.

Have participated in about 6 PadSplit projects over the past year.

Meaning you need to wait 12 months from date of purchase to use the newly appraised value and base off the LTV.In comparison, DSCR loans typically have shorter seasoning, often being 6, 3, some even 0 months seasoning.

You do not "learn more" with a duplex or quad that will help you get into 20+ units, then you can learn from a SFR, other than you will be forced to deal with more tenants, faster, which, I guess, is learning a lot about what owning property is like.

Based on a value of $165k, 75% LTV would make your new loan amount $123,750.

Lesson learned, but also, this doesn't make me want to buy in CA. 

Not at this point, and to keep it equitable between the two we actually average the cash flows for the two homes and that is what their payouts are based on each month.

And therefore competition among tenants can create significant challenges, like...Businesses may struggle to establish a unique presence and loyal customer base, and a lack of profitability due to nearby competition will likely lead to higher tenant turnover.