I am sure if you search for standardized RE rental forms in your state you will find one very similar.

Naturally, I wanted to find out whether we would be able to build a brand-new fourplex in Los Angeles County. 

Quote from @Ray Joseph: If you attend a local meetup, I'm sure you'll find investors that operate in other cities or states.And you have thousands of out-of-state investors to mingle with right here!

If they are the one providing most of the cash, they might not want to carry that liability, but you've already negotiated with your partners on this and then the bank isn't cool with it, you could be in a pickle.

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

New here to the forum and I am currently looking to invest in Ohio for the purpose of providing section 8 housing. 

You can shop 10 or 20 lenders in a weeks time, find out what products they offer, what rates, what overlays and qualifications they each have for you.... 

Have you talked to the utility provider to see if your bill is above or below average for a building of that size and age?

Also a good pm company will provide a P&L every month.

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