I live in a good, appreciating market where the average home price is above $700,000.

Riverside is home to the Inland Empire Real Estate Investment Club/FireCenter that has a lot of great people involved in all aspects of real estate.Hope this helps!

Average cost for a new home build is $300/sqft and up.

In an ideal world, we'd look to get both, but with today's higher interest rates and rising home values, it seems harder for deals to cash flow. 

**NAHB Contracts**: The National Association of Home Builders (NAHB) offers a variety of detailed and standardized legal templates specifically designed for the residential construction industry2.

If so you may have some full doc options which have the best rates typically and terms.Like others have mentioned you have DSCR loans too but this only allows you to purchase non owner occupied properties (not primary residence or second home occupancy type properties).

I’m thinking I can explore a home equity loan latter when I am ready to invest again.

It sounds like you’ve got a great opportunity with these two mobile home parks, especially with the flexibility that seller financing provides.Out of curiosity, what terms did you negotiate for the seller financing?

There are probably 1/10th the amount of pocket listings that there used to be because of interest rates, but you have a better shot with multifamily homes owned more than 10 years by an out-of-state owner.

My wife and I have a few homes near campus we use as student rentals and they certainly perform well.