One thing to consider is that in terms of wealth building and Kiyosaki's Cashflow Quadrant, owing a rental and doing work yourself is putting you in the self-employed quadrant, not Business Owner or Investor.I think there are a lot of factors stacked against California for long term rentals, and I think you know it too! 

Working this backwards, what I see is a 3rd party trying to benefit from another’s house via rental cashflow, My only business is 30+ years as probate estate and trust lending in CA.

There were at least 5 individuals who seemed ready to rise to the occasion and help this poster with their borrowing needs.

The entire goal is to help you / individuals like you who are interested in a finding an agent who works with real estate investors.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.

cash flow is going to be found in tougher, niche strategies that are more like a business and less like a passive investment... and LTRs aren't all that passive sometimes either.the benefits to LTR real estate are... 

The local economy seems to be centered around these types of businesses. 

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

I will be able to log the 50% time of business use.