Here’s an example of what I've used if they don't qualify based on what's on application. 

So bye-bye all the Brrr's and Multi's and what not, we need SIMPLE, right, a good simple SOLID base-hit, right. 

@Zach Howard there is no agreed upon Classification in the 1-4 unit market.We've done our best to logically create a system for our market, mostly based upon relative sale prices, but also using crime rates, rents, occupant income and a few other variables. 

In addition due to prop 13, the tax base is a fraction of if it sold today.   

It would be based on the scope of work of the renovation that you're doing comparing for values in its as is condition and values after rehab 

while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos. 

Hi everyone,My name is Cole Dobbs, and I’m currently based in Houston, Texas.

Based on a quick answer from Perplexity it seems like there would be no issue with you buying the home and collecting passive income, but you may not be allowed to manage it yourself since that is considered active work.

I see posts on CA insurance that appear to be ignorant to both the past method used to set insurance prices as well as the approach the current commissioner is advocating.The current policy had insurers set rates based on past losses.  

Basically, the further you get away from the city the more potential for cashflow, but you're also dealing with a different tenant base that may be tougher to manage.