I also recently found out about Latte and Lease's Out of State Investor Academy's "Cash Flow Coffee" meetup, which I believe can be accessed via her email list or her website: https://www.lattesandleases.com/shop/p/bay-area-meet-up-g9ny...

Curious of a few things for those that execute this strategy currently:-The city the property is in has a no more than 4 unrelated people rule, would that be an issue for me if all bedrooms were full or does the fact the basement tenants would be short or medium term save me?

There should be an ad in the property with the direct number to call the Ghostbusters!

@Lauren Stark DSCR loan sounds it could be an option.Happy to discuss further.

I feel like there are no formal "development" education or training resources available and existing developers are reluctant to meet for coffee or provide guidance (which is so surprising to me given the lack of supply.

I don't think you need to be an accredited investor to buy a multifamily property even if it's over 5 units. 

Would this be an option in this situation? 

An agent pulling comps and offering their opinion on the price isn't meant to be an appraisal, sounds like you are confusing the two.

I think generally the square footage minimum for most lenders is around 600 square feet - but typically if everything else is pretty standard could probably be an exception somewhere

They can be an extra set of eyes if anything happens.2.