My name is Khaled Seirafi based in California and I'm looking at potentially investing in a multifamily property in Phoenix.

Quote from @Martin Zitzelberger: I recently bought my first home in Thousand Oaks, CA—a huge milestone for me.

If you're in CA or AZ, feel free to reach out. 

I found a listing in Northern California on Zillow that is vacant land with approved plans for building a home.

Between myself and the rest of the company I work for, we are licensed in these states: PA, WV, VA, NC, SC, GA, FL, AL, MS, TN, KY, WV, OH, IN, MI, IL, MO, LA, TX, MN, WI, NM, CO, WY, UT, AZ, OR, WA, CA.

In Capistrano Beach, at 27111 Paseo Pinzon, Dana Point, CA we built a 3440 sq. ft. home, 2 stories, with rooftop ocean view decks.

Question about the new CA laws ...

Check out this table: https://www.municode.com/library/ca/oakland/codes/...This is what you're looking for: https://www.screencast.com/t/Xkyp3OZWkI Oakland, for a building with 3 units or more you need to have a lot sized at 7,500 sq ft.  --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.

In the bay area CA. 

I don't know where you are at, but earnest money usually goes directly to escrow here in California, but if they want to pay you directly and try to find you later in Vegas, that works for me.