Big banks to me are only good for buying consumer products I probably shouldn't be buying in the first place.

You will benefit from the education and networking, but more importantly, you can position yourself as an expert in the multifamily nicheIntern for a multifamily investor: find an experienced investor who is currently doing what you want to do and proactively add value to their business for free to get in the doorStart small: start with an SFR to 4-unit and work your way upAs you will notice, all of these strategies are time consuming.

The 203k is by far the most time consuming.

@Jim Goebel I agree, it definitely takes away from the privacies of the consumers.

I wrote a blog recently about some of the overall trends and gradual evolution of the PM industry primarily focused on the evolving consumer services expectations.

The consumer thinks.

All the lease option/executory contract issues only apply to consumer transactions (intended for personal use and enjoyment; that includes 1-4 residential units). 

My expenses are $1100 mortgage, $250 utilities, $100 consumables, $150 miscellaneous expenses. 

This is time consuming and stressful enough to do only once, let alone twice within the space of a year.

You can find out more about your tenant rights by looking up tenant/landlord rights with the California Department of Consumer Affairs.Good luck!