We have great weather so it's an easier adjustment coming from LA.

Condo conversions are bureaucratically intensive and usually not worth it for 4-Plexes. 

Once you've found them in the geographical area, then you must find as close to age, beds, baths and sqft as you can so as few adjustments need to be made.

If he plans to live another 50 years, he needs an inflation adjusted way to protect wealth. 

And it can mean some huge adjustments in the case of those who interpreted incorrectly.You claim what is true and accurate, not what you think will avoid audit.

When a one-off event like COVID hits, do you have the time, knowledge, and experience to adjust and handle the situation?

Just taking peeks in the area, I've adjusted my goals to creating that growth in equity and net worth.

Just as a reminder in addition to the interest rate, amortization schedule and fixed period of the loan, inquire about: 1) Prepayment Penalties (In case you want to refinance in a few years), 2) Possibility of Rehab Funding, 3) Reserve Requirements, 4) Personal Guarantees, 4) Rate Adjustments (i.e. at the 5 year mark) to understand other variables in the loan product that works best for your project.

Even after I specifically explain a complex loop in my code, and exactly what should be refactored/adjusted, it is unable to assist.

But if you can adjust your debt situation that relieves most of the risk of owning real estate.