While the loan officer's current stance of allowing property transfers into an LLC with the mortgage in your name seems promising, circumstances can change.

Remember, if for any unforeseen circumstance we don't develop it, someone else might stumble upon your ideas here and make theirs even better.

It seems like the bare minimum would be having them exclude neglect, unethical or illegal conduct.

The City of Berkeley is getting close to passing a new "demolition" ordinance that prohibits the removal of JADUs ADUs and even illegally constructed units, except under really specific circumstances. 

Where can I go in this town for fun and not get in a fight, assaulted, robbed, arrested, harassed by law enforcement, catch an STD or get killed under suspicious circumstances?

@Pradeep VelugubantlaMany considerations, such as your preferences, investment goals, and unique circumstances, will determine which state is best for you to establish an LLC in order to engage in real estate.

Do realize that property managers must have separate financial licenses and bonding in almost every state and being a Realtor who does “property management” provides zero protections for you. 6, Do realize that living in one state and renting in another can under certain circumstances require you to answer litigation and issues brought in Federal Court and all of the end user agreements with every online service or local Realtor property management contracts will leave you alone and swinging in the wind. 7.

From my understanding in some circumstances Medicaid take the house. 

Many of these investors or owners life circumstances have changed and if not for the incentive of low rates might have already sold. 

I feel, given the circumstances in SoCal, buying out of state seems lucrative.I like your strategy of purchasing in class A and B neighborhoods.